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Restaurant-Anchored Value-Add Shopping Center 2621 5th Ave 21,420 SF Vacant Retail Building Online Auction Sale Scottsbluff, NE 69361
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Investment Highlights
- Glass-lined six-tenant shopping center positioned at a highly trafficked signalized intersection at the corner of 5th Avenue and 27th Street.
- Fully vacant shopping center with turnkey anchor space in a former Applebee's and additional flexible layouts suitable for various uses.
- Highly visible location exposed to over 12,000 vehicles daily, with consistent traffic from students, faculty, visitors, and hotel guests.
- Prime location surrounded by a thriving mix of retailers, service providers, and demand drivers with easy access to Highways 26 and 71.
- Scottsbluff serves as a key economic hub in Western Nebraska, creating a service-driven market with strong fundamentals and high annual spending.
- FFE includes approximately $30,000 in equipment, including hoods, ranges, refrigeration, and freezer units, for a restaurant operator.
Executive Summary
Discover Scottsbluff Shopping Center, at 2621 5th Avenue, a 21,420-square-foot multi-tenant shopping center offering exceptional value-add potential in one of Western Nebraska’s primary commercial corridors. This fully vacant six-tenant shopping center is anchored by a former Applebee’s space with approximately $30,000 in owned restaurant equipment remaining, including hoods, ranges, refrigeration, and freezer units, creating an immediate opportunity for a restaurant operator. Positioned on a 1.9-acre lot at the signalized intersection of 5th Avenue and 27th Street, Scottsbluff Shopping Center delivers outstanding visibility, accessibility, and exposure to over 12,000 vehicles per day, making it ideal for investors or developers seeking retail in Scottsbluff, Nebraska.
Scottsbluff Shopping Center features C-2 zoning, allowing for a wide range of retail, restaurant, service, and commercial uses, enhancing its flexibility and long-term leasing potential. The center offers over 100 on-site spaces, four points of ingress and egress, and two monument signs. The glass-lined storefront design enhances curb appeal and tenant visibility, supporting a dynamic retail environment that attracts both national and local operators. Strategically located less than 0.5 miles from Monument Mall, the property benefits from proximity to major national retailers, including T.J. Maxx, Hobby Lobby, Harbor Freight, and Golden Ticket Cinemas Reel, driving consistent retail traffic to the immediate area.
Scottsbluff Shopping Center offers access to a consumer base of over 32,000 residents within a 10-mile radius. It is supported by more than $367.5 million in annual consumer spending, reinforcing its position as a high-performing area. Convenient access to Highways 26 and 71 enhances regional accessibility, while positioning 4 miles from Western Nebraska Regional Airport provides enhanced shipping capabilities. Nearby demand drivers, including Western Nebraska Community College and Regional West Medical Center, contribute to the daily consumer flow.
With its high-visibility location, flexible zoning, existing tenant layout, and significant upside through lease-up, repositioning, or redevelopment, Scottsbluff Shopping Center presents a compelling retail investment opportunity with both immediate income potential and long-term appreciation. Whether targeting national tenants, regional operators, or local businesses, this property offers the scale, location, and infrastructure to support a wide range of retail strategies in a growing Nebraska trade area.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Scottsbluff Shopping Center features C-2 zoning, allowing for a wide range of retail, restaurant, service, and commercial uses, enhancing its flexibility and long-term leasing potential. The center offers over 100 on-site spaces, four points of ingress and egress, and two monument signs. The glass-lined storefront design enhances curb appeal and tenant visibility, supporting a dynamic retail environment that attracts both national and local operators. Strategically located less than 0.5 miles from Monument Mall, the property benefits from proximity to major national retailers, including T.J. Maxx, Hobby Lobby, Harbor Freight, and Golden Ticket Cinemas Reel, driving consistent retail traffic to the immediate area.
Scottsbluff Shopping Center offers access to a consumer base of over 32,000 residents within a 10-mile radius. It is supported by more than $367.5 million in annual consumer spending, reinforcing its position as a high-performing area. Convenient access to Highways 26 and 71 enhances regional accessibility, while positioning 4 miles from Western Nebraska Regional Airport provides enhanced shipping capabilities. Nearby demand drivers, including Western Nebraska Community College and Regional West Medical Center, contribute to the daily consumer flow.
With its high-visibility location, flexible zoning, existing tenant layout, and significant upside through lease-up, repositioning, or redevelopment, Scottsbluff Shopping Center presents a compelling retail investment opportunity with both immediate income potential and long-term appreciation. Whether targeting national tenants, regional operators, or local businesses, this property offers the scale, location, and infrastructure to support a wide range of retail strategies in a growing Nebraska trade area.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
21,420 SF
Building Class
C
Year Built/Renovated
1988/1994
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.90 AC
Parcel Number
010122966
Zoning
C-2
Parking
60 Spaces (2.14 Spaces per 1,000 SF Leased)
Amenities
- Signalized Intersection
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
8,981
19,079
27,075
2020 Population
8,864
18,887
27,138
2030 Population
8,986
19,076
26,996
2025-2030 Projected Population Growth
0.1%
0.0%
-0.3%
Daytime Employees
6,058
16,948
19,546
Total Businesses
741
1,687
2,045
Average Household Income
$78,353
$77,736
$78,280
Median Household Income
$58,098
$58,470
$60,836
Total Consumer Spending
$97.5M
$208M
$300.7M
Median Age
38.5
39.0
39.5
2025 Households
3,694
7,772
10,926
Percent College Degree or Above
16%
16%
16%
Average Home Value
$211,870
$202,224
$203,857
Nearby Major Retailers
Sale Advisors
Sale Advisors
David Yashar, Director
Mr. Yashar has specialized in representing clients in the acquisition and disposition of their retail properties since 1995 with a focus on the sale of retail and mixed-used properties in the southern California region and Los Angeles County including Hollywood, Koreatown, Beverly Hills, East Los Angeles, and Huntington Park areas.
Recognized as one of the top retail agents in Los Angeles, David Yashar knows his market. He is a hard working professional whose experience has earned him a loyal client base across the Los Angeles County and Southern California region. His assertive personal style, expert contract negotiation skills, and strong marketing and promotional skills are evident by the production of numerous transactions throughout the southern California region.
Mr. Yashar has a work ethic and energy that enables him to produce results for clients when other brokers couldn’t. His closed transactions total over an impressive $500 million dollars. He has earned many awards for his achievements in recognition for his superior performance and client service. His accomplishments go beyond the business world as well. He is a real estate cabinet member for the Jewish Federation’s Real Estate division and is fluent in English, Farsi, and Spanish. Mr. Yashar is also a member of the International Council of Shopping Centers since 1998, City of Hope, AIPAC, and Iranian Jewish Federation.
Recognized as one of the top retail agents in Los Angeles, David Yashar knows his market. He is a hard working professional whose experience has earned him a loyal client base across the Los Angeles County and Southern California region. His assertive personal style, expert contract negotiation skills, and strong marketing and promotional skills are evident by the production of numerous transactions throughout the southern California region.
Mr. Yashar has a work ethic and energy that enables him to produce results for clients when other brokers couldn’t. His closed transactions total over an impressive $500 million dollars. He has earned many awards for his achievements in recognition for his superior performance and client service. His accomplishments go beyond the business world as well. He is a real estate cabinet member for the Jewish Federation’s Real Estate division and is fluent in English, Farsi, and Spanish. Mr. Yashar is also a member of the International Council of Shopping Centers since 1998, City of Hope, AIPAC, and Iranian Jewish Federation.
Omid Saleh, Agent
With over 15 years of experience, and over $300,000,000 of closed sales, in Commercial Real Estate, Omid Saleh puts the client first.
Specializing in retail, mixed-use, multi-family and land for development throughout the Southern California region, Omid Saleh gets your listing or purchase to the finish line.
Omid was the Commercial Vice-Chair for the Greater Los Angeles Realtor Board in 2023, 2024 & 2025.
Omid was recently recognized by Los Angeles Magazine as one of their 2026 Real Estate All-Stars.
Specializing in retail, mixed-use, multi-family and land for development throughout the Southern California region, Omid Saleh gets your listing or purchase to the finish line.
Omid was the Commercial Vice-Chair for the Greater Los Angeles Realtor Board in 2023, 2024 & 2025.
Omid was recently recognized by Los Angeles Magazine as one of their 2026 Real Estate All-Stars.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Commercial, Inc. Arlene Marie Richardson RE Brkr 20140595
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Street View
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Restaurant-Anchored Value-Add Shopping Center | 2621 5th Ave
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