507 Broad St Fremont, NE 68025-4930
- Retail space
- 7,928 SF
- 0.14 lot acres
Current Use by Public Records
- Black Tie & White Satin / Formal Wear Store / Tuxedo Shop
Property Details for 507 Broad St
- Year built
- 1900
- Lot size
- 0.14 lot acres
- Property size
- 7,928 SF
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 270002828
- APU
- 270002828
Description
This exceptional investment opportunity presents a multi-tenant commercial building ideally situated in Fremont, Nebraska's vibrant downtown core, at 507 N Broad St, 68025. Boasting approximately 22,000 square feet of retail space spread across two buildings, each with two stories and basements, this property offers four separate, fully occupied tenant spaces. The building, constructed in 1900, has undergone various renovations, including a new roof in 2017 and numerous HVAC system upgrades since 2016. Each unit is individually metered with circuit breakers, ensuring efficient utility management. The property features high ceilings, preserved historical details, and excellent street visibility on Broad Street/Highway 77, a high-traffic area. The 15,400 square foot lot is zoned for Downtown Commercial use, providing flexibility and potential for future development. This landmark property presents a rare chance to acquire a stable, income-generating asset in a thriving Nebraska community. The asking price is $625,000. The property is currently under a modified lease agreement.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fremont
- County
- Dodge
- State
- Nebraska
- Longitude
- -96.499
- Latitude
- 41.4341
- CBSA code
- 23340
- CBSA name
- FREMONT, NE MICROPOLITAN STATISTICAL AREA
