508 19Th StOmaha, NE 68102

Property Details for 508 19Th St

Year built

1920

Lot size

0.57 AC

Property size (Sq ft)

27,400 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

1515750002

APU

1515750002

Description

This exceptional mixed-use property presents a compelling redevelopment opportunity in Omaha's vibrant Flatiron District. The offering encompasses a two-story, 27,400 square foot parking garage constructed in 1920, situated on a 0.56-acre lot at 508 S 19th St, Omaha, NE 68102. The existing structure features three drive-in doors and offers over 100 parking stalls, providing immediate income potential while redevelopment plans are underway. The property's zoning allows for a wide range of uses, making it ideal for both experienced developers and investors seeking a high-return project. Included in the sale are building value and height (BVH) architectural drawings for a proposed five-story, 50+ unit multi-family development, valued at $200,000. These plans provide a solid foundation for a future project, significantly reducing the time and cost associated with initial design and permitting. The asking price for this unique opportunity is $1,500,000. This property's location in the dynamic Flatiron District offers unparalleled access to amenities, transportation, and a thriving community, ensuring strong future demand and appreciation. Don't miss this chance to acquire a prime piece of Omaha real estate with significant upside potential.

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.255

Longitude

-95.9413

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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