Commercial Building

Retail-Commercial for Sale
Distressed
Catylist Listing ID: 30211999
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other
Building Size (RSF): 15,360 SF
Sale Price: $129,000
Unit Price: $8.40 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: Oliva building
Usable Size (USF): 15,360 SF
Sale Terms: Cash to Seller
Short Sale/Bank-Owned: Yes
Cap Rate: Undisclosed
Average Occupancy Rate: 50
Last Updated: 10/2/2020

Overview / Comments

This building cash flows even though only half of the spaces are rented! Very high visibility! The commercial/retail property is on the 'city square' and on a highway going through town. The current property is divided into the following: 1) Large, open commercial space (formerly healthcare related business). This portion could be subdivided into two spaces. 2) Unfinished retail/office space. 3) Former thrift store/youth center space (needs remodel) 4) Current hair studio. 5) Current BV Office 6) Current semi-truck garage space with sliding doors 7) Current storage unit but will be vacated soon. 8) Overhead-door garage space/storage space. Current tenants have been long-term tenants and want to stay tenants. This building has been part of the Geneva landscape for years and needs a new owner to manage what is there and expand it into what could be. Roof has been inspected and has useful life per roofing contractor. Owner says make and offer!

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1,381 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Fillmore
Tax ID/APN: 300011039
Zoning: COMMERCIAL
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: G Street (Main street) and Hwy 41
Feet of Frontage: 164
Highway Access: Located on Hwy 41 and just off Hwy 81 (4-lane). Interstate 80 is only 22 miles North.
Airports: Fairmont Airfield is 8 miles away.
Site Description: Large lot with street parking in front and rear parking. Alley access also!
Area Description: Geneva is the thriving county seat of Fillmore County. With new industrial sights and a thriving main-street this commercial property will be highly sought-after for retail/commercial space once under new ownership.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1930
Year Renovated: 1995
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Street parking out front, side parking to the East. Parking space to the South by BV and additional parking out back
Heat Type: Electricity, Natural Gas
Heat Source: Central, Other
Air Conditioning: Other
Internet Access: Other
Interior Description: Many individual units make up this complex. One larger unit is could be move-in ready with minimal work, the remaining unoccupied spaces will need work for occupancy
Zoning Description: Commercial/Retail
Lot Frontage: 164
Lot Depth: 184
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee-simple
Legal Description: Smith & Sloss First Addition Lots 33-35 & E 20' of Lots 36, Geneva, NE

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 987 2,319 2,319
Median Age: 42.18 44.61 44.61
Households: 431 970 970

Contact

Photograph of Listing Agent

Karla Jacobson

Fortify Group
MRCIE Member
© Copyright 2001-2020 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.