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508 S 19th St 27,400 SF Specialty Building Offered at $1,500,000 in Omaha, NE 68102
INVESTMENT HIGHLIGHTS
- $200,000+ in Completed Construction Documents-Full BVH architectural plans for 59 Units & 2 Floors of Parking Garage
- Located in an Opportunity Zone – Potential for major tax advantages for investors
- Street Car Access: 1-Block from future street car
- Located in EBA – Eligible for Tax Increment Financing (TIF) creating substantial long-term value
- $8+ Billion in Development: Within the Downtown Core/Old Market
- CBD Zoning: Notable Permitted Uses include Multifamily, Hotel, Office, Restaurant, Service Station
EXECUTIVE SUMMARY
Prime redevelopment opportunity featuring a 27,400-SF two-story parking structure on a 0.56-acre site in the high-demand Downtown Flatiron District. Comprehensive Due Diligence Package – Includes Title Commitment, ALTA Survey, Phase I Environmental Site Assessment, and Demo Bid from National Concrete Cutting.
PROPERTY FACTS
| Price | $1,500,000 | Lot Size | 0.56 AC |
| Price Per SF | $54.74 | Building Size | 27,400 SF |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Redevelopment Project | Year Built | 1920 |
| Property Type | Specialty | Parking Ratio | 4.4/1,000 SF |
| Property Subtype | Parking Garage | No. Drive In / Grade-Level Doors | 3 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | DS - Downtown Service District | ||
| Price | $1,500,000 |
| Price Per SF | $54.74 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 27,400 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 4.4/1,000 SF |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | DS - Downtown Service District |
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 1575-0002-15 | Improvements Assessment | $233,000 |
| Land Assessment | $588,900 | Total Assessment | $821,900 |
PROPERTY TAXES
Parcel Number
1575-0002-15
Land Assessment
$588,900
Improvements Assessment
$233,000
Total Assessment
$821,900
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508 S 19th St
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