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Off Market
1/10

1600 S Pine Industrial Rd
Norfolk, NE 68701


HIGHLIGHTS

  • Located in a Qualified Opportunity Zone with significant tax advantages available!
  • Pre-cast construction with reinforced concrete floors
  • 50,000± SF freezer storage potential
  • 25-foot clear heights
  • 100,000-gallon hot water storage tank and 150,000-gallon wastewater storage tank
  • Potential for railway connection

OVERVIEW

This is a court-ordered bankruptcy sale of a 228,000± SF industrial cold storage facility in Norfolk, NE. With an attractive minimum qualifying offer of $2,500,000 (under $11/SF), this opportunity zone property sits on a 17± AC parcel and is the ideal property to fill high cold storage demand in the region. Norfolk is situated directly in between the two longest east-to-west interstate systems in the nation (I-80 & I-90) as well as 60 minutes from the north-to-south running I-29. This Northeast Nebraska town of about 25,000 is a regional retail and medical services leader. Good industrial diversification includes steel production and fabrication, injection molded plastics, industrial hose production, agriculture and food processing. Manufacturing employs more than 4,000 people in the area.

FOR SALE DETAILS

PRICE

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CAP RATE

-

% LEASED

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TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Ideal for Cold Storage and Food Processing

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

ADD'L SUBTYPES

Manufacturing, Refrigeration/Cold Storage

TOTAL BUILDING SIZE

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STORIES

2

YEAR BUILT

1962

UTILITIES

Gas, Water, Sewer

CLEAR CEILING HT

25 Ft

DOCKS

23

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

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LAND SF

-

ZONING

-

APN/PARCEL ID

590116150,590116185,590170236