Property summary
This exceptional 17.54-acre property presents a unique investment opportunity in Omaha, Nebraska. Located at 21415 W Q Rd, in Douglas County (zip code 68022), this land boasts a prime location within a rapidly expanding corridor between Elkhorn and Gretna, experiencing a remarkable 420% population increase since 2000. The site benefits from its proximity to a thriving 120-acre mixed-use development featuring shopping, entertainment venues, a high school, and a movie theater. The property includes an existing 4,711 square foot home and a 3,600 square foot shop/office building, offering immediate potential for income generation or redevelopment. Its adjacency to Millard High School and the Coventry mixed-use development further enhances its desirability. Future zoning is planned as an R6 Planned Unit Development with R5 construction allowances, permitting the development of larger, multi-story apartments (up to 249 units, one unit per 3,000 square feet). The property's location near 204th Street, a major arterial road connecting Gretna and Elkhorn, ensures excellent accessibility. An adjacent 10-acre lot is also available for purchase, presenting an opportunity for expansion. This property is ideally suited for multifamily development or other commercial ventures, capitalizing on the area's robust growth and abundant amenities, including entertainment, shopping, dining, excellent schools, and a hospital. The asking price for this remarkable property is $3,440,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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