1705 Washington St - Storefront Retail/Office FOR SALE


Blair, NE 68008
$850,000 USD
402-213-1936
1705 Washington St, Blair, NE for Sale
$850,000 USD
Storefront Retail/Office - FOR SALE
1/39
null | Request Cap Rate

1705 Washington St
Blair, NE 68008


HIGHLIGHTS

  • Corner Lot For Development
  • Large Open Floor Plan
  • City Parking Lot Adjacent
  • Mixed Use: Retail/Multifamily/Hospitality

OVERVIEW

Exceptional Properties Group presents the commercial listing intelligence report and financial prospectus for 1705 Washington St, a historic 2-story commercial building built in 1897 in downtown Blair, Nebraska. The property features 9,700 SF of total above-grade area (comprising 4,850 SF on the Main Floor and 4,850 SF on the Second Floor), plus a 4,850 SF full basement level (14,550 SF total structure across 3 levels). The property is offered at an asking price of $850,000 ($87.63/Above-Grade SF | $58.42/Total SF). To encourage an investor to transform the building into a Boutique Hotel, the seller is prepared to structure lucrative Seller Financing if buyer keeps to investment thesis of the concept of a Boutique Hotel Project. Blair, Nebraska (county seat of Washington County) has evolved into one of the Midwest's premier bio-industrial innovation hubs and logistics powerhouses. Strategically positioned along US Highway 30 and US Highway 75—just 20 minutes north of the Omaha metropolitan area (population 1,000,000+)—Blair combines high-tech industrial expansion with small-town downtown charm. At the core of Blair's economy is a 650-acre, world-renowned bioeconomy campus anchored by Cargill. Over $2.0 Billion in cumulative private capital has been invested in this campus, creating a dense cluster of international biotechnology leaders including Cargill, Novonesis (Novozymes), Evonik, Veramaris, NatureWorks (Ingeo biopolymers), Corbion, and Ecto Development. Priced for Boutique Hotel Development Concept Positioned 20 minutes from the Omaha metro area and adjacent to the Cargill Bioeconomy Complex 21 Luxury Boutique Guestrooms; Lounge + Rooftop Patio Bar + Speakeasy/Cigar + Massage/Spa + Sauna + Elevator Core/ADA Hotel Developer Seller Financing: Variable Down Pymnt, Interest, Balloon for Hotel Concept Projected Year 3 Stabilized Hotel Revenue: $1,454,867 Gross Operating Revenue (USALI) Projected Year 3 Net Operating Income (NOI): $545,579 NOI (37.5% Net Margin) Over 60% of high-earning bioscience campus engineers, executives, auditors, and international consultants commute into Blair daily Blair's bio-industrial ecosystem represents over $2.24 Billion in combined industrial infrastructure 8-Year VIP Property Tax Freeze ($3,130/yr Baseline Potential) DSCR = 10.11x Stabilized with extraordinary safety cushion Historic Commercial Building (Built 1897) eligible for Nebraska Historic Tax Credit (30%) + Federal Historic Tax Credit (20%)

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1897

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,150 SF

ZONING

Commercial

APN/PARCEL ID

890044163

ASK ABOUT THIS PROPERTY

Stephen WardExceptional Properties GroupMore Info
402-213-1936

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Stephen WardExceptional Properties GroupMore Info
402-213-1936

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