3812 Farnam StOmaha, NE 68131

Property Details for 3812 Farnam St

Year built

1926

Lot size

0.15 AC

Property size (Sq ft)

2,839 SF

Zone code

GC

Property type

Retail properties

Property subtype

Bars

APN

1423400000

APU

1423400000

Description

This exceptional 5,706 square foot vacant bar located at 3812 Farnam St in Omaha, Nebraska's vibrant Blackstone District presents a rare investment opportunity. Priced at $1,169,000 ($204.87/sq ft), the property offers significant potential for redevelopment or repurposing. Its strategic location offers immediate access to the new 3.5-mile streetcar line, connecting the University of Nebraska Medical Center (UNMC) campus to the central business district. The property benefits from its proximity to the UNMC campus expansion, a $5.4 billion redevelopment project expected to create over 7,500 jobs. Furthermore, the property sits within an Opportunity Zone, providing potential tax advantages. The parcel includes additional land, allowing for expansion possibilities such as building additions or patio areas. This is a unique chance to acquire a well-situated commercial property in a rapidly growing area of Omaha, within the 68131 zip code, in Douglas County. The property's vacant status allows for immediate customization to suit a new owner's vision. This prime location and development potential make this an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $925,233

  6.5%

  $854,062

  7%

  $793,057

• Comparable approach

  Method

  Valuation

  Relative Method

  $365,154

  Geo Method

  $365,154

• Alternative Use

  Use

  Valuation

  Residential

  $720,433

  Hospitality

  $659,913

  Educational

  $549,040

  Medical

  $567,922

  Retail

  $854,062

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2581

Longitude

-95.9696

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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