South Omaha Building and Billboard

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30466201
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Self Storage, Warehouse/Distribution, Other
Status: Pending/Contingent
Building Size (RSF): 2,100 SF
Gross Land Area: 6,000 SF
Sale Price: $159,900
Unit Price: $76.14 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/19/2019

Overview / Comments

This 6,000 SF parcel sits to the east of Highway 75 and is close to the South 24th Street business district. A large billboard brings in $3,500 annually and the 2,100 SF cement block building is currently being rented out for storage space.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $722 (Annual)
Tax Value Land $7,300
Tax Value Improvements $26,300
Assessed Value - Total($) $33,600 (Annual)
Gross Operating Income $15,500 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Tax ID/APN: 0410760001
Zoning: GI
Property Located Between: L & Q on 25th Street
Highway Access: 2 blocks from Highway 75
Airports: OMA
Site Description: 40' x 150' parcel zoned General Industrial. 2,100 SF building has a single garage door facing the alley to the east for access. The western portion of the parcel is gravel under a large billboard being leased to Lamar.
Area Description: The South 24th Street Business District is a highly walkable mix of commercial uses surrounded by a densely populated residential neighborhood.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,100 SF
Property Condition: Fair
Year Built: 1947
Year Renovated: 1947
Roof Type: Flat
Construction/Siding: Block
Interior Description: Not many amenities.
Zoning Description: GI - General Industrial allows for a large variety of commercial uses.
Lot Frontage: 40'
Lot Depth: 150'
Land Ownership: Owned
Legal Description: SOUTH OMAHA CITY LOTS LOT 10 BLOCK 79 S 40 FT 40 X 150

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,281 104,496 262,993
Median Age: 26.92 32.52 33.53
Households: 5,733 37,738 102,123

Contact

Photograph of Listing Agent

David J Carrig

Baron Commercial MRCIE Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Midlands Regional CIE nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.