140 40Th StOmaha, NE 68131

Property Details for 140 40Th St

Year built

1930

Lot size

0.14 AC

Property size (Sq ft)

4,656 SF

Property type

Retail properties

Property subtype

Retail space

APN

1422700000

APU

1422700000

Description

This exceptional 4,656 square foot commercial property, located at 140 S 40th St in Omaha, Nebraska's vibrant Blackstone District, presents a unique opportunity. Currently configured as a restaurant and bar, this single-tenant space offers 1,900 square feet of vacant area. The existing build-out includes a kitchen hood and partial restaurant infrastructure, providing a significant head start for a new tenant. Situated on a 0.14-acre lot (6,228 square feet) in Douglas County, this property benefits from its prime location within a thriving community. The Blackstone District is known for its diverse mix of restaurants, retail shops, offices, and residential units, ensuring high foot traffic and visibility. Landlords are offering a reduced market rent in exchange for tenant completion of the remaining build-out, allowing for customization to perfectly suit your business needs. This presents a rare chance to establish a business in a highly desirable and already-developed location with significant growth potential. The property's address is 140 S 40th St, Omaha, NE 68131.

• CAP approach

  CAP return

  Valuation

  6%

  $1,517,396

  6.5%

  $1,400,673

  7%

  $1,300,625

• Comparable approach

  Method

  Valuation

  Relative Method

  $598,858

  Geo Method

  $598,858

• Alternative Use

  Use

  Valuation

  Residential

  $1,181,520

  Hospitality

  $1,082,266

  Educational

  $900,433

  Medical

  $931,400

  Retail

  $1,400,673

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2584

Longitude

-95.9737

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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