Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30211999
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail
Building Size (RSF): 15,360 SF
Sale Price: $189,000
Unit Price: $12.30 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
Cap Rate: Undisclosed
Average Occupancy Rate: 50
Last Updated: 4/20/2018

Overview / Comments

This building cash flows even though only half of the spaces are rented! The current owner occupied the largest space and so it is now available. There is also an empty space next door that can be added or rented separately. The commercial/retail property is on the 'city square' and on a major road going through the town. Very high visibility! There are also an overhead door to the back shop space and sliding doors to another large garage-type space. Current tenants have been long-term tenants. This building has been part of the Geneva landscape for years and had a face-lift not too long ago. Come be a part of 'main-street' Nebraska!

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 Located Between: 8th & 10th Streets
Property Visibility: Excellent
Largest Nearby Street: G Street (Main street) and Hwy 41
Highway Access: Just off Hwy 81. 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 capital 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.
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: 6
Parking Type: Surface
Heat Type: Electricity, Natural Gas
Lot Frontage: 164
Lot Depth: 184
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Smith & Sloss First Addition Lots 33-35 & E 20' of Lots 36, Geneva, NE

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
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