220 S 31St Ave Omaha, NE 68131
For Lease
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This exceptional restaurant and lounge space, totaling 21,890 square feet, is ideally situated at 220 S 31st Ave in Omaha, Nebraska, near the intersection of 31st Ave and Farnam Street. Currently featuring a multi-tenant occupancy, 3,134 square feet are currently vacant, presenting a unique opportunity for expansion or a new venture. The property sits on a sizable 24,611 square foot lot, providing ample outdoor space potential. The building is zoned MU (Mixed Use), offering flexibility for various culinary concepts, including the previously mentioned lounge or wine bar. Located in Douglas County, Nebraska, with a zip code of 68131, this property benefits from high visibility and accessibility. The substantial square footage allows for a large dining area, a fully equipped kitchen, and ample space for a bar and lounge area. This prime location offers significant potential for a thriving business. The existing infrastructure provides a solid foundation for immediate occupancy and operation. Serious inquiries are encouraged to explore this exciting opportunity.
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Forudad, LLC Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
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.