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6500 Railroad Ave 6,352 SF 100% Leased Retail Building Omaha, NE 68107 $1,361,022 CAD ($214.27 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • The level gravel lot, central location and ease of access to multiple major thoroughfares makes this property ideal for storage.

EXECUTIVE SUMMARY

This property provides a blend of commercial potential, residential convenience, and adaptability in a General Industrial zoning area, making it a solid investment for the right buyer.
Property Overview:
Price: $975,000
Year Built: 1963
Building Size: 6,352 sq ft
Lot Size: 0.48 acres (21,300 sq ft)
Zoning: GI - General Industrial District
Parking: 4 surface spaces + street parking
2023 Taxes: $5,453.56
Building Features:
Former Use: Bar/Tavern
Current Use: Event Space
Two-Bedroom, One-Bath Apartment: 1,150 sq ft (above the main building)
Sprinkler System: Installed throughout the building
Kitchen Hoods: 2 large hoods (4' x 16' & 4.5' x 13')
Key Highlights:
Versatile Space: The property has a long history as a bar/tavern and is now being used as an event space, making it adaptable for different business models or private ventures.
Apartment Above: The two-bedroom apartment adds potential for residential rental income or owner-occupancy.
Large Kitchen Area: With two substantial kitchen hoods, the space is equipped for catering, food service, or large-scale events that require cooking facilities.
Sprinkler System: Provides added safety and complies with fire safety regulations for commercial properties.
Generous Lot Size: The expansive lot provides ample room for future expansion, outdoor event space, or additional parking.
Considerations:
Zoning: Located in a General Industrial (GI) district, this property offers a variety of permitted uses, which can be beneficial for businesses that require industrial or commercial space.
Renovation Potential: The property could benefit from updates or customization to further suit its next use, whether for continued event hosting, office use, or another industrial application.
Parking: Although there are 4 surface parking spaces, additional street parking is available for larger events, though it may require some consideration for traffic flow.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,352 SF
Building Class
C
Year Built
1963
Price
$1,361,022 CAD
Price Per SF
$214.27 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.49 AC
Zoning
GI - General Industrial District
Parking
4 Spaces (0.63 Spaces per 1,000 SF Leased)
Frontage
710’ on Railroad Ave

AMENITIES

  • Pylon Sign

NEARBY MAJOR RETAILERS

Toyota
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0747-0000-05
Land Assessment
$120,247 CAD
Improvements Assessment
$244,587 CAD
Total Assessment
$364,834 CAD
  • Listing ID: 33111965

  • Date on Market: 2024-09-09

  • Last Updated:

  • Address: 6500 Railroad Ave, Omaha, NE 68107

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