Downtown Crete Storefront & Apartments

Retail-Commercial for Sale
Also listed as Multi-Family, Business Opportunity
Catylist Listing ID: 30568139
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 3,856 SF
Gross Building Area: See Agent
Sale Price: $180,000
Unit Price: $46.68 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Last Updated: 5/10/2020

Overview / Comments

Prime location for this downtown commercial building with Storefront facing 13th St. and two income-producing apartments. Residential units produce $1,525 and are currently fully occupied. Store Rent was $850 but building owner is the store operator and will be vacating the lease and relocating the business. Store is one open unit with bathroom and kitchenette in the back. Connected to the back of the store is a storage warehouse (as per county assessor) that has been converted to a one-story 2-bedroom apartment with access to an unfinished basement. Above the store is an apartment unit with 3 bedrooms that are currently rented by the room with a common living room and bathroom. Store inventory can be sold with the property. Listing price to be $210,000 should store inventory be included. No formal leases are in place and financials are limited, to be sold as-is in regards to financials and written leases. Aggregate expense estimates for utilities are $4800 annually.

Attachments & Media

Current Tenants

Tenant Business Name Store
Annual Revenue $10,200 (Annual)
Tenant Business Name Residential
Annual Revenue $18,300 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Saline
Tax ID/APN: 760006679
Retail Clientele: General, Business
Number of Stories: 2
Year Built: 1927
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: Commercial
Lot Frontage: 22
Lot Depth: 116
Land Ownership: Fee Simple
Legal Description: CRETE CITY W 21' 4 INCHES OF LOT 11 & E 8 INCHES OF LOT 12 BLK. 128 or As per Title, Saline County Nebraska

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,518 7,518
Median Age: 29.65 29.65
Households: 2,430 2,430

Contact

Photograph of Listing Agent

Derek J Kats

Keller Williams Lincoln
MRCIE Member
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