2118 Central Ave - Retail FOR SALE


Kearney, NE 68847
$425,000 USD
308-627-6541
2118 Central Ave, Kearney, NE for Sale
$425,000 USD
Retail - FOR SALE
1/38
null | 5.08% Cap Rate

2118 Central Ave
Kearney, NE 68847


HIGHLIGHTS

  • Prime downtown location on the Bricks in Kearney
  • High visibility & walkable location
  • Owner-occupy opportunity
  • New HVAC & electrical service

OVERVIEW

Rare opportunity to own an income producing commercial building in the heart of Downtown Kearney's iconic Bricks district. This historic property offers approximately 2,944 SF of leased retail space, 2,000 SF of unfinished second-story space, & 3,000 SF of basement storage. The main floor is occupied by a long-term tenant with annual rent increases, tenant-paid utilities, & beautiful original tin ceilings overlooking CentralAvenue. The second story features its own private Central Ave entrance, a finished office leased month-to-month for additional income if desired, plus additional unfinished space ready for offices, retail expansion, or redevelopment. Recent improvements include updated second-story electrical service with new panels, removal of knob and tube wiring, refinished hardwood floors, drywall, plumbing updates with PVC replacement, insulated attic crawl space, & one newer HVAC unit. Rooftop access, rear alley access, & original architectural details add to the property's appeal. An exceptional investment opportunity offering immediate income with tremendous upside potential in one of Kearney's most desirable downtown locations! Buyer to verify square footage to their own satisfaction.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

5.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CBD

APN/PARCEL ID

610086000

ASK ABOUT THIS PROPERTY

Hannah WashingtonKEARNEY REALTY, L.L.C.More Info
308-627-6541

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Hannah WashingtonKEARNEY REALTY, L.L.C.More Info
308-627-6541

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