301 Bailey Ave North Platte, NE 69101-4017
This exceptional 5,179-square-foot executive office space presents a unique investment opportunity in the heart of North Platte, Nebraska. Situated on a prominent corner lot at 301 N Bailey Ave, this property boasts a highly desirable B-3 Downtown Commercial zoning designation. The building, constructed in 1973, features two stories, offering a versatile layout ideal for a variety of professional uses. The spacious interior includes a striking first-floor entryway and substantial office areas, complemented by a mezzanine level for additional functionality. The single-tenant occupancy provides flexibility and control. Ample parking is available with 20 spaces provided on the 13.068-acre lot (4,356 sq ft). The building's 5,179 square feet are currently vacant, ready for immediate occupancy. This Class C building offers a blend of character and potential, making it an attractive option for businesses seeking a prominent presence in North Platte's thriving downtown area. The property's location at the intersection of 2nd and Bailey avenues ensures high visibility and accessibility. This is a rare opportunity to acquire a substantial, well-located office space in a vibrant downtown setting.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
COMMERCIAL · North Platte, NENo recorded transactions found for this property.
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.