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Browse More Listings in Retail For Sale, Kearney, NE or Nebraska

Retail Property For Sale

1st Avenue Place

2524 1st Avenue, Kearney, NE 68847

Price:
$1,290,000
Building Size:
13,019 SF
Price/SF:
$99.09
Property Type:
Retail
Property Sub-type:
Street Retail
Additional Sub-types:
Strip Center
Property Use Type:
Net Lease Investment with 5 years left on lease
Cap Rate:
7.66%
Occupancy:
100%
No. Stories:
2
Tenancy:
Multiple
Year Built:
2004
Lot Size:
7,280 SF
Find Out More...

Last Verified 9/28/2009 Listing ID 16031745

Highlights

Convenient location, walk to all neccessities
High traffic exposure location
100% occupancy since new

Hard corner
All separate utilities
Plenty of parking

Description

Built 2004, 100% occupancy. 6 retail/office suites on 1st floor, 7- 2 bedroom 2 bathroom apartments on 2nd floor. Stucco exterior, abundant parking in rear for apartment tenants, street parking in front. All commercial tenants have renewed their 5 year leases. Apartment tenants like their units and location. All electric building with separate utilities.

Just 1/2 block from historic downtown, State Hwy. 30, and busiest intersection in the city. Across the street from IGA grocery store and next door to a bank. Walk to all conveniences.

Financial Summary

Actual
Year
2008
Scheduled Gross Income
$136,995
Effective Gross Income
$136,995
Operating Expenses
$39,932
Net Operating Income
$97,023
Pre-Tax Cash Flow
$97,023

Map of 2524 1st Avenue, Kearney, NE 68847 (Buffalo County)

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Presented by

Century 21 Midlands

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Contact Listing Broker

Jack McSweeney (308) 234-5550

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Created 12/18/2008

Additional Information for 2524 1st Avenue, Kearney, NE 68847

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - 1st Avenue Place

2524 1st Avenue, Kearney, NE, 68847