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.


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

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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


Photograph of Listing Agent

David J Carrig

Baron Commercial MRCIE Member
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