648 Broad StFremont, NE 68025

Property Details for 648 Broad St

Year built

1903

Lot size

0.93 AC

Property size (Sq ft)

19,580 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

270002324

APU

270002324

Description

This exceptional commercial property, located at 648 N. Broad St, Fremont, NE 68025, presents a unique investment opportunity. The 19,664 square foot building, constructed in 1903, features two stories and sits on a fee simple lot. With one unit and sixteen parking spaces, it's ideally suited for a variety of uses, including office, retail, and storage. The property is zoned commercial and located within the downtown business improvement district, which may subject the owner to a special tax assessment. The upper floor may qualify for residential conversion, per local regulations. The building boasts a dry pipe sprinkler system for fire protection. All measurements are approximate, and potential buyers are encouraged to conduct their own due diligence. Please note that the basement square footage is not included in the stated total. A 48-hour first right of refusal is in effect. The asking price is $365,900. The APN is 270002324.

• CAP approach

  CAP return

  Valuation

  6%

  $5,725,424

  6.5%

  $5,285,008

  7%

  $4,907,507

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,518,395

  Geo Method

  $2,518,395

• Alternative Use

  Use

  Valuation

  Residential

  $4,458,102

  Hospitality

  $4,083,597

  Educational

  $3,397,505

  Medical

  $3,514,350

  Retail

  $5,285,008

Location Insight

City

Fremont

County

Dodge

State

Nebraska

Latitude

41.4355

Longitude

-96.498

CBSA code

23340

CBSA name

FREMONT, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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