1516 Jones St

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30715290
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Status: Pending
Building Size (RSF): 8,639 SF
Gross Building Area: 10,308 SF
Gross Land Area: 8,778 SF
Sale Price: $950,000
Unit Price: $109.97 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Downtown Retail
Usable Size (USF): 8,639 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2021

Overview / Comments

This Downtown Omaha building is ready for a new occupant and is available FOR SALE. Formerly the home to Metro Nightclub, this building is ready to rock and roll as an entertainment venue, or it can easily be modified to fit a wide variety of other uses. Only blocks from Omaha’s Old Market, its large open floor plan and high ceilings give it a lot of potential. Real property only. All personal property may accompany a sale for an additional fee.

Attachments & Media

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Tax ID/APN: 0315780002
Zoning: CBD-ACI-1(PL)
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: Jackson and Leavenworth, 15th and 16th Streets
Property Visibility: Excellent
Largest Nearby Street: Leavenworth Street
Feet of Frontage: 66
Traffic/Vehicle Count: 7,648
Highway Access: Near I-80, I-480, and Highway 6
Airports: OMA
Site Description: # of Floors - 1 w/Balcony + Basement # of Restrooms - 2 ADA, 1 Employee Total Site Area - 8,778 SF/0.2 Acres Frontage - 66 F on Jones Street Zoning - CBD-ACI-1(PL) Walking Score - Very Walkable (87) Transit Score - Good Transit (57) Bike Score - Very Bikeable (74) Traffic Count - 7,648 EADT Parking - None Included
Area Description: Downtown Omaha, NE with a mix of multi-family, retail, office and special use property.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,639 SF
Property Condition: Good
Year Built: 1890
Year Renovated: 1986
Roof Type: Gable
Construction/Siding: Stucco
Exterior Description: Flat-faced building with no windows and a recessed entrance.
Parking Type: Other
Parking Description: None Included
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: ISDN
Interior Description: 8,639 SF steel frame building with 600 SF mezzanine & 800 SF unfinished basement Large, open floor plan 10-year-old EPDM on gable roof with parapet Fully sprinklered with meticulously maintained mechanical, electrical, & plumbing systems Highly insulated for noise containment Formerly Metro Nightclub Front office, coat check, dry storage & ice room, 2 huge bars, recessed dance floor with stage, large restrooms, and neon lighting throughout Ceiling mounted trusses with electrical outlets ready for TVs, speakers, & lighting Located in a Community Redevelopment Area and in an Opportunity Zone
Zoning Description: CBD-ACI-1(PL)
Lot Frontage: 66
Lot Depth: 133
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: CITY LOTS LOT 6 BLOCK 171 1 FT VAC ALLEY ADJ & LOT 6 66 X 133

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,542 132,725 284,767
Median Age: 29.61 31.8 32.88
Households: 6,292 51,601 109,390


Photograph of Listing Agent

David J Carrig

David J. Carrig MRCIE Member
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