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1603 W Prospect Ave 8,067 SF 100% Leased Office Building Norfolk, NE 68701 $850,000 ($105.37/SF)

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INVESTMENT HIGHLIGHTS

  • High traffic
  • Flexible property due to OD zoning.
  • Well Known area

EXECUTIVE SUMMARY

Welcome to 1603 West Prospect Avenue, a move-in-ready property that once served as a medical office and is primed for a range of professional uses. With the highest and best use of this space as an office facility, it is already set up well with modern infrastructure, requiring only a cosmetic update and simple reconfiguration to make it perfectly accommodating for your needs. With OD (Office District) zoning, the property provides flexibility for a variety of uses and minimizes potential zoning challenges. Its strategic layout, prominent location, and adaptability make 1603 West Prospect Avenue the ideal space for your next venture. If additional parking is desired the Seller owns the parking lot directly to the East of the subject and is open to discussions regarding subdivision of the parking lot. Don’t miss this versatile opportunity—schedule your tour today!

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,067 SF
Building Class
C
Year Built
1988
Price
$850,000
Price Per SF
$105.37
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
8,067 SF
Building FAR
0.16
Lot Size
1.15 AC
Zoning
OD

AMENITIES

  • Signage
  • Reception
  • Air Conditioning
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
590286536
Land Assessment
$100,216
Improvements Assessment
$527,686
Total Assessment
$627,902
  • Listing ID: 34382750

  • Date on Market: 1/6/2025

  • Last Updated:

  • Address: 1603 W Prospect Ave, Norfolk, NE 68701

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