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Property profile & analytics
FOR LEASE
Retail space

220 S 31St Ave Omaha, NE 68131

21,890 SF 2.76 ac lot Built 2010
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US57-0391813
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2010
Total area 21,890 SF
Lot 2.76 ac (120,123 SF)
APN 1741675540
UPID US57-0391813
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ATM Mutual Of Omaha Bank Bank Loan Service
  • Graze Craze Charcuterie Boards & Boxes - Omaha, NE - Midtown Crossing Take-out & Catering Catering Service
  • Sofra Kitchen Restaurant
  • Chef Around the Block Pop-up Shop Restaurant
  • Forudad, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
John Naxera · 2 yrs held
John Naxera
since 2024
Last sale
$275,000
4 recorded transactions
2024
$275,000
2023
$425,000
2023
$440,000
2022
$479,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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