17950 Burt StOmaha, NE 68118

Property Details for 17950 Burt St

Year built

2005

Lot size

6.09 AC

Property size (Sq ft)

66,948 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

2442490900

APU

2442490900

Description

This exceptional 2.936-acre development site, located at 17950 Burt St in Omaha, Nebraska (zip code 68118), presents a unique opportunity for Class A mixed-use development. The property boasts 127,874 square feet of land, priced at $22 per square foot, with a total asking price of $2,813,228. Its prime location offers unmatched visibility along a major city thoroughfare, providing significant advantages for attracting clientele. The site is ideally suited for a variety of high-end uses, including high-end hospitality centers and hotels, lifestyle retail and restaurants, and luxury condominiums, homes, or apartment residences. The expansive lot allows for the incorporation of park-like common areas and wellness trails, enhancing the overall appeal and livability of the development. This is a rare chance to create a premier mixed-use destination in a thriving Omaha neighborhood. The property is available for sale or build-to-suit arrangements, offering flexibility to potential developers. Douglas County location provides access to established infrastructure and amenities. This development site is zoned for mixed-use development, allowing for a diverse range of commercial and residential uses. The property's location and size make it an attractive investment opportunity with significant potential for long-term growth and return.

• CAP approach

  CAP return

  Valuation

  6%

  $20,737,614

  6.5%

  $19,142,414

  7%

  $17,775,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,610,905

  Geo Method

  $8,610,905

• Alternative Use

  Use

  Valuation

  Residential

  $16,147,342

  Hospitality

  $14,790,879

  Educational

  $12,305,837

  Medical

  $12,729,054

  Retail

  $19,142,414

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2661

Longitude

-96.1946

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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