6500 Railroad AveOmaha, NE 68107

Property Details for 6500 Railroad Ave

Year built

1963

Lot size

0.49 AC

Property size (Sq ft)

6,352 SF

Zone code

GI

Property type

Retail properties

Property subtype

Bars

APN

507470000

APU

507470000

Description

This exceptional 6,352 square foot retail property, located at 6500 Railroad Avenue in Omaha, Nebraska, presents a unique investment opportunity. Priced at $1,200,000, this two-story building sits on a 0.48-acre lot within the GI - General Industrial District zoning. Constructed in 1963, the property offers significant potential for a variety of uses, particularly as an event space given its ample square footage. The single building structure provides a versatile layout ready for customization to suit specific needs. Its location in Douglas County, with a zip code of 68107, offers convenient access to major transportation routes and a thriving Omaha community. The property's substantial size and flexible zoning provide a strong foundation for a successful business venture. This is an excellent opportunity to acquire a well-positioned commercial property in a dynamic Omaha neighborhood. The property's existing infrastructure and ample space make it ideal for redevelopment or immediate occupancy. Serious inquiries are encouraged to explore the full potential of this remarkable property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,368,327

  6.5%

  $1,263,071

  7%

  $1,172,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $816,999

  Geo Method

  $816,999

• Alternative Use

  Use

  Valuation

  Residential

  $1,065,448

  Hospitality

  $975,944

  Educational

  $811,974

  Medical

  $839,899

  Retail

  $1,263,071

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.1933

Longitude

-95.9394

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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