109 Philip Ave North Platte, NE 69101-6056
This exceptional mixed-use property, located at 109 W. Philip Ave, North Platte, NE 69101, presents a compelling investment opportunity. Situated on a prominent 0.96-acre corner lot at the intersection of Jeffers Street and Highway 83, this Class A building offers unparalleled visibility with 186 feet of highway frontage. The 2,400 square foot building, constructed in 2003, is currently vacant and zoned B-2 Highway Commercial, allowing for a wide range of uses. The versatile layout includes a 1,500 square foot office area with open retail space, two private offices, and restrooms. A 900 square foot shop area features three overhead doors, shop heaters, and a floor drain, ideal for various businesses. The property also includes a digital billboard, maximizing exposure to the high daily traffic volume of 10,100 vehicles on Jeffers Street. This prime location, combined with the building's flexible design and prominent signage, makes this an exceptional opportunity for a savvy investor seeking high visibility and strong potential for return. The asking price is $1,090,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · North Platte, NENorth Platte. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.