1647 Washington St Blair, NE 68008-1655
This exceptional mixed-use commercial property, located at 1647 Washington St in Blair, Nebraska, presents a rare investment opportunity. The 5,760 square foot building, constructed in 1880 and situated on a 2,400 square foot lot, offers a unique blend of commercial spaces. Currently configured as a multi-tenant property with two units, it features 1,920 square feet on each of the two floors, plus ample storage in the full basement. The main floor and second floor each have separate entrances, making it ideal for various uses. The second floor, with its exposed brick walls and high ceilings, is particularly well-suited for conversion into a residential condo. The property benefits from high foot traffic in downtown Blair and convenient customer parking directly in front. Additional off-street parking is available at the rear. The building is in excellent condition, boasting a new roof (2014), an HVAC system less than 10 years old, and updated plumbing and electrical systems. Zoned for commercial use, this property is priced at $315,000 ($54.69/sq ft) and is offered as a fee simple ownership with a NNN lease type. This is a truly remarkable opportunity to acquire a well-maintained, historically significant building in a thriving downtown location.
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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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
03-COMMERCIAL · Blair, NECosts & 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.