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NWC 20th & Jones Street - Downtown Development Land 0.51 Acres of Commercial Land Offered at $750,000 in Omaha, NE 68102
Investment Highlights
- Value Capture: 20-year TIF available
- Multifamily: Current CBD Zoning allows for high density multifamily (220 unit maximum)
- Affordable Housing Opportunity: Qualified Census Tract (QCT) for LIHTC
- Multifamily Site: 71-unit multifamily plans/rendering available
Executive Summary
Prime 22,182 SF multifamily/townhome land parcel located in downtown Omaha, offering a lucrative development opportunity. Positioned within a Qualified Census Tract (QCT), enabling eligibility for Low-Income Housing Tax Credits (LIHTC) and boasting the potential for a 20-year Tax Increment Financing (TIF), this site is primed for the development of upscale townhomes or apartments, amidst several new construction projects adjacent to the site.
Property Facts
1 Lot Available
Lot
| Price | $750,000 | Lot Size | 0.51 AC |
| Price Per AC | $1,472,814.78 |
| Price | $750,000 |
| Price Per AC | $1,472,814.78 |
| Lot Size | 0.51 AC |
For Sale | 22,182 SF | $750,000 ($33.81 PSF) | 20-Year TIF | QCT | QOZ
Description
*$8+ Billion in Development: 1-minute drive to Downtown Core/Old Market *Street Car Access: 5-minute walk to future streetcar (2.5 Blocks) *Redevelopment Hot Spot: Located on redeveloping Leavenworth Street *Opportunity Zone: Reap tax benefitts from the QOZ
Walk Score®
Very Walkable (87)
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NWC 20th & Jones Street - Downtown Development Land
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