1218 K St - Health Club FOR SALE


Aurora, NE 68818
$299,000 USD
308-631-4072
1218 K St, Aurora, NE for Sale
$299,000 USD
Health Club - FOR SALE
1/2
null | 7.7% Cap Rate

1218 K St
Aurora, NE 68818


OVERVIEW

1218 K Street offers an income-producing commercial property in Aurora, Nebraska, featuring an established fitness tenant with a lease in place through July 31, 2028.? The property consists of approximately 4,797 square feet situated on an 8,184 square foot commercial lot with visible frontage and on-site parking. The property is currently occupied by Tri-Fit at $2,400 per month ($28,800 annually), which equates to approximately $6.00/SF based on assessor-reported building size. Current rental rates appear below replacement cost economics and may provide a future opportunity for rent growth, lease restructuring, or repositioning over time. In addition to the existing income stream, the property offers notable upside potential through continued active management and space optimization.? The building layout provides flexibility for a variety of future commercial uses, and portions of the property may lend themselves to alternative configurations, additional tenant use, expanded service offerings, or enhanced operational efficiency depending on a future owner’s strategy. The combination of in-place cash flow, long-term tenant occupancy, flexible commercial functionality, and future value-add potential creates an attractive opportunity for investors seeking both stability and upside in a smaller-market commercial asset. Aurora continues to see demand for functional commercial space serving local service providers, fitness, retail, and small business users, while properties offering existing income with future repositioning potential remain limited within the market.

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,184 SF

ZONING

03-COMMERC

APN/PARCEL ID

0410046493

ASK ABOUT THIS PROPERTY

Amy BrowneXp CommercialMore Info
308-631-4072

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Amy BrowneXp CommercialMore Info
308-631-4072

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.