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1401 E 1st St 6,165 SF 100% Leased Office Building Ogallala, NE 69153 $469,000 ($76.07/SF)



Investment Highlights
- Excellent commercial site with a blend of office, shop, and storage solutions on 1.59± acres.
- Existing leases in place provide immediate income with expansion potential.
- Main building includes reception, three offices, a conference room, and kitchenette.
- Convenient location in Ogallala with strong access to local and regional routes.
Executive Summary
This commercial property on the eastern edge of Ogallala offers immediate income potential and strong prospects for future growth. Situated on 1.59± acres, the site features a 6,165± square-foot main building designed with flexibility for both office and operational needs. The front office component encompasses approximately 1,845 square feet with a reception area, multiple private offices, a conference room, and a kitchenette, creating a functional layout for administrative use.
The rear portion of the main building consists of 4,320 square feet of fully insulated shop space, equipped with efficient gas-tube heating and an additional 1,000-square-foot work area for diverse business operations. Additionally, the property includes a 1,680± square-foot detached garage, providing ample storage and supplementary utility.
With three active leases securing existing income streams and opportunities for further development such as storage-unit expansion, the property is well-suited for owner-users and investors alike. Convenient east-side location offers easy accessibility to major thoroughfares, ensuring seamless connectivity for logistics and client servicing.
The rear portion of the main building consists of 4,320 square feet of fully insulated shop space, equipped with efficient gas-tube heating and an additional 1,000-square-foot work area for diverse business operations. Additionally, the property includes a 1,680± square-foot detached garage, providing ample storage and supplementary utility.
With three active leases securing existing income streams and opportunities for further development such as storage-unit expansion, the property is well-suited for owner-users and investors alike. Convenient east-side location offers easy accessibility to major thoroughfares, ensuring seamless connectivity for logistics and client servicing.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,165 SF
Building Class
C
Year Built
1999
Price
$469,000
Price Per SF
$76.07
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
6,165 SF
Building FAR
0.09
Lot Size
1.59 AC
Zoning
03-COMMERC
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 066000300 | Improvements Assessment | $270,675 |
| Land Assessment | $59,950 | Total Assessment | $330,625 |
Property Taxes
Parcel Number
066000300
Land Assessment
$59,950
Improvements Assessment
$270,675
Total Assessment
$330,625
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1401 E 1st St
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