DEVELOPMENT OPPORTUNITY - VACANT LAND (Lot A)

Vacant Land for Sale
Catylist Listing ID: 30456610
Property Subtypes: Hospitality, Industrial, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 13.07 Acres
Sale Price: $2,915,000
Unit Price: $223,029 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2019

Overview / Comments

This is an incredible opportunity to own a retail/commercial building plus 27+ acres for development at the busy intersection of Nebraska Highway 2 and US 75 South with nearly 23,000 cars passing daily. Development of the area has already started with the addition of a Holiday Inn Express hotel.

This is an ideal site for retail, travel plaza, hotel, restaurants, auto or equipment sales and service, self-storage, industrial uses, and more.
 
Two adjacent parcels of vacant land are also available (see listings 30456430 and 30456612). The owner will consider further subdivision. The adjacent former shopping mall is also available of sale (30456231). Listing #30456240 includes the retail building and three parcels of vacant land.

The property was recently replatted so the parcel IDs and legal descriptions and plat maps available from the Otoe County Assessor may not be accurate. Please contact listing agent for details.

TIF financing may be available.

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Otoe
Taxing Authority: Otoe County
Tax ID/APN: Ask listing agent for details
Zoning: COMMERCIAL
Property Located Between: At junction of Nebraska Hwy 2 and US 75 South
Legal Description: Ask listing agent for details
Largest Nearby Street: Nebraska Hwy 2 and US 75 south
Traffic/Vehicle Count: 22,975
Highway Access: 5 miles to I-29
Site Description: Located on the southeast corner of the busy NE Hwy 2 and US 75 South intersection. The former mall building and paved parking lot face the intersection. The 0.89 acre out parcel sits adjacent to the Holiday Inn Express and enjoys Hwy 2 exposure. The other two vacant parcels are to the east and south of the mall property.
Area Description: his area is on the south edge of Nebraska City and easily accessible to US 75 which leads into major commercial corridor. A Holiday Inn Express recently opened on an adjacent parcel. With great access to vehicles heading to I-29 and south on US 75, there is great potential for a travel plaza, retail, hospitality, or other uses.
Zoning Description: Commerical
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,606 7,606
Median Age: 41.55 41.55
Households: 3,081 3,081

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