1820 10th St, Gering, NE 69341-2414
- Outlet malls
- 8,400 SF
- 0.32 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 1820 10th St
- Year built
- 2014
- Lot size
- 0.32 lot acres
- Zone code
- 03-COMMERCIAL
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 10056033
- APU
- 10056033
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 29, 2014 | $1,257,000 | Cole Fd Portfolio Xii LLC | Triple C Development INC | Special Warranty Deed | — |
Description
This 8,400-square-foot freestanding retail building, constructed in 2014, presents a remarkable opportunity in Gering, Nebraska. Located at 1820 10th Street, this single-tenant property sits on a 0.48-acre lot in a C-2 zoned area within Scotts Bluff County. The building boasts excellent visibility and accessibility, situated along 10th Street, a major thoroughfare connecting Gering and Scottsbluff, with approximately 8,000 vehicles passing daily. Its central business district location places it near established businesses including Ace Hardware, First National Bank, Platte Valley Bank, McDonald's, and Subway, ensuring high foot traffic and brand recognition potential. The property includes 26 parking spaces, providing ample convenience for customers. The building is currently vacant and offers a blank canvas for a variety of retail uses. Property taxes are included in the lease rate
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $995,000
- 6.5%
- $920,000
- 7%
- $855,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $840,000
Market price range: $289k - $841k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $545,000 Current use
- RESTAURANT
- $875,000 Change: +61% Conversion: Easy
- MEDICAL BUILDING
- $855,000 Change: +57% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $770,000 Change: +42% Conversion: Easy
- AUTO REPAIR, GARAGE
- $605,000 Change: +11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Gering
- County
- Scotts Bluff
- State
- Nebraska
- Longitude
- -103.66
- Latitude
- 41.8271
- CBSA code
- 42420
- CBSA name
- SCOTTSBLUFF, NE MICROPOLITAN STATISTICAL AREA
