2679 Farnam St Omaha, NE 68131-3653
- Office buildings
- 34,382 SF
- 0.48 lot acres
Current Use by Public Records
- Simply Ballroom / Photo Booth / Wedding Planner
- Vanguard Professional Concrete Contractors / Concrete Contractor
- Sylvia Rodriguez Law Office / Attorney
- The Chermot Ballroom / Event Venue
- Onpoint Home Care / Home Health Care Service / Transportation Service
Property Details for 2679 Farnam St
- Year built
- 1931
- Lot size
- 0.48 lot acres
- Property size
- 34,382 SF
- Property type
- Office buildings
- APN
- 747050007
- APU
- 747050007
Description
This exceptional 34,382 square foot, two-story office building at 2679 Farnam St in Omaha, Nebraska, offers a unique blend of coworking, creative office, and executive office spaces. Built in 1931, the property boasts a rich history and is undergoing a significant transformation. Exterior rehabilitation was completed in 2022, and phased interior renovations of common areas are underway, including a remodeled ballroom and upgraded amenities. Three distinct spaces are currently available, ranging from 350 to 4,300 square feet, catering to diverse business needs. The largest space (4,300 sq ft) features street access and signage, while the other two (3,800 sq ft and 2,500 sq ft) offer multiple executive offices around open-plan cores. The building's location in the Farnam Hill District provides unparalleled access to amenities, including nearby retail, restaurants, and Creighton University. Its proximity to major transportation routes, including Interstate 480 and the soon-to-be-completed streetcar line, ensures excellent connectivity. The Farnam Hill District's recent surge in development, coupled with the high volume of daily traffic on Farnam Street (over 17,000 cars), makes this a highly desirable location for businesses seeking visibility and accessibility. The building's strategic position between downtown Omaha and Midtown Crossing, along with its appeal to a young, educated demographic, presents a compelling investment opportunity.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,017,000
- AI Estimate
- $3,242,000
Market price range: $3.16M - $7.37MMarket price range: $1.47M - $6.01M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $5,015,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $6,425,000 Change: +28% Conversion: Difficult
- RETAIL STORES
- $5,370,000 Change: +7% Conversion: Moderate
- MEDICAL BUILDING
- $5,190,000 Change: +4% Conversion: Easy
- AUTO REPAIR, GARAGE
- $5,100,000 Change: +2% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,815,000 Change: -4% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Douglas
- State
- Nebraska
- Longitude
- -95.9519
- Latitude
- 41.2574
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA