3720 2Nd AveKearney, NE 68847

Property Details for 3720 2Nd Ave

Year built

2017

Construction

CONCRETE

Lot size

1.07 AC

Property size (Sq ft)

3,783 SF

Zone code

03-COMMERCIAL

Property type

Retail properties

Property subtype

Drive through restaurants

APN

604895000

APU

604895000

Description

This exceptional commercial property at 3720 2nd Avenue, Kearney, Nebraska, 68847, presents a unique investment opportunity. Priced at $55,000, the sale includes an established consignment shop, "Posh Shoppe Consignment," currently operating under a month-to-month lease at a nearby location (3702 2nd Avenue). The buyer has the flexibility to continue operations at the current address or relocate. The sale encompasses all existing inventory, equipment, contracts, and consignor lists, providing a turnkey business acquisition. Importantly, all outstanding debits owed to consignors will be settled by the sellers before closing, ensuring a clean transaction. Detailed financial records, including profit and loss statements, expense reports, and current inventory valuations, are available for qualified buyers upon request. This is a rare chance to acquire a profitable, established business along with the land, offering significant potential for growth and return on investment. The property is classified as special purpose land and is zoned for commercial use. The sale is for the business and land only

• CAP approach

  CAP return

  Valuation

  6%

  $1,171,811

  6.5%

  $1,081,672

  7%

  $1,004,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,147,030

  Geo Method

  $1,147,030

• Alternative Use

  Use

  Valuation

  Residential

  $912,430

  Hospitality

  $835,781

  Educational

  $695,360

  Medical

  $719,275

  Retail

  $1,081,672

Location Insight

City

Kearney

County

Buffalo

State

Nebraska

Latitude

40.7125

Longitude

-99.0847

CBSA code

28260

CBSA name

KEARNEY, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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