Restaurant/Bar - Small Town America

Retail-Commercial for Sale
Catylist Listing ID: 30328644
Property Subtypes: Restaurant
Building Size (RSF): 2,950 SF
Gross Land Area: 9,750 SF
Sale Price: $185,000
Unit Price: $62.71 PSF
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User
Building Name: Local Restaurant
Usable Size (USF): 2,950 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/18/2018

Overview / Comments

Located in the heartland of America about 30-minutes from the Omaha Metro Area. Central Business District in this small town in Eastern Nebraska.

"Before there was a settlement in the area, the Otoe and Missouri Indians
lived on the banks of Clear Creek near the site of this great community.
The Otoe and Missouri were living in localities in northern Iowa and southern Minnesota during the 1600’s according to French maps of the period. The Otoe separated from their Missouri relatives and first reached Nebraska in the early 18th century, settling on the Nemaha River. French records indicate that they had villages near present-day Ashland, Omaha and Fremont between 1714 and
1775. In 1775, marauding bands of Pawnee forced the Otoe-Missouri to move. The tribe relocated to a site twenty miles down-river, about a mile and a half southeast of the present site. They remained in this locality until 1835, and moved to the present site."

A bedroom community to the Omaha Metro, the average HH Income is over $88,000, and the population has grown over 11% 2000 - 2018 (As compared to most small communities declining in population over same period.)

Full kitchen in place. Bar is in place, but no liquor license as that was very small part of their business.

NDA required for disclosures.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1,320 (Annual)

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Submarket Type: Central Business District
Taxing Authority: County
Tax ID/APN: 6926500
Zoning: B-2 CENTRAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business
Property Located Between: Omaha & Lincoln, NE
Property Visibility: Good
Feet of Frontage: 48
Airports: Epply Airfield, 45 Minutes
Site Description: Central Business District in rural community
Area Description: Rural community in Eastern Nebraska, about 30-minutes to central Omaha Metro area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,950 SF
Property Condition: Good
Year Built: 1967
Year Renovated: 1990
Roof Type: Gable
Construction/Siding: Stone
Exterior Description: Stone Front
Total Parking Spaces: 2
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Parking Description: On-Street public parking EE parking in back of building.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Dining Room, Bar, Kitchen.
Zoning Description: B-2 Central Business District - typicaly approved.
Lot Frontage: 48
Lot Depth: 124
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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