808 Pacific st - Specialty FOR SALE


Lexington, NE 68850
$275,000 USD
308-455-4410
808 Pacific st, Lexington, NE for Sale
$275,000 USD
Specialty - FOR SALE
1/24
null | Request Cap Rate

808 Pacific st
Lexington, NE 68850


HIGHLIGHTS

  • This is a limited time opportunity to own a grain storage facility with warehouse storage space.
  • The grain storage facility includes a total of eleven bins, all of which are steel construction built on concrete foundations.
  • Two warehouses, an estimated approximate corn storage capacity of 431,300 bushels and ample site space, this property offers many unique opportunities

OVERVIEW

This is a limited time opportunity to own a grain storage facility with warehouse storage space, located along Highway 30 within eastern Lexington, Nebraska. Offering two warehouses, an estimated approximate corn storage capacity of 431,300 bushels and ample site space, this property offers many unique opportunities. Located on Union Pacific Railroad Right of Way, only the building improvements and associated equipment and fixtures are included in the listing. The steel shop was reportedly constructed 1970, and offers a total area of 4,600 square feet. It has a steel frame with a full concrete floor, and access provided by a single 16-foot-wide by 14-foot-tall overhead door. The brick storage building (8,000 square feet total) was reportedly built in 1948 and has ground-level dimensions of 60 feet by 80 feet and a ground-level area of 4,800 square feet. The frame is a mixture of steel, concrete and wood, with a brick exterior. The ground-level is divided into three stalls, all of which have approximate dimensions of 20 feet by 80 feet. Access to the main-level is provided by a total of six overhead doors. The second-level has dimensions of 40 by 80 feet, and an approximate area of 3,200 square feet. It is accessed internally by a staircase. The brick building has four 14 foot wide by 12-foot-tall doors, one 12 by 12 door and on 14 by 14 door. The grain storage facility includes a total of eleven bins, all of which are steel construction built on concrete foundations. The bins have aeration floors, and based on Dawson County Assessor data have estimated corn storage capacities as follows: two 19,000-bushel bins; eight 41,200-bushel bins and one 63,700-bushel bin. The largest bin is damaged near the roofline along the southern side, the extent of which is unknown. Some of the bins nearest the highway have side discharges for grain truck loadout. The facility includes a single dump pit and two elevator legs indicated to have heights of 70 and 75 feet. The dump pit is located next to the rail line and was designed for straight-trucks. According to the Dawson County Assessor, the grain elevator legs have operating capacities of 1,500 and 2,700 bushels per hour; however, actual operating capacities are unknown. An overhead bin of an unknown capacity provides for grain truck loadout from the facility. The bins are interconnected by varying augers and drags, the operation of which is unknown. The natural gas grain dryer is a Delux DP7545 900 bushel-per-hour continuous flow dryer, which is rated to dry at 5 points, and operation is unknown. A small control house and scale house are located at the facility, and there is a 50-foot in-ground truck scale. Electric and natural gas service are available at the site, and it is unknown if water and sewer are available. A new lease will be signed with the Union Pacific Railroad upon closing. Lease terms and rates will be negotiated by the buyer directly with the Union Pacific Railroad. A lease template will be provided to potential buyers upon request. The Union Pacific Railroad has indicated that rail access via a spur is potentially negotiable; however, at the present time, there is no agreement for direct rail access. Potential buyers should contact the Union Pacific Railroad to determine potential rail access possibilities. ***All building improvement dimensions and areas, as well as all grain storage bin and associated equipment diameters, heights, operating capacities and bushel storage capacities have been based on public data as recorded by the Dawson County Assessor as of January 5, 2026. The grain storage bin capacities have been calculated based on the calculation provided by the University of Nebraska at Lincoln (0.628 x Diameter x Diameter x Height) applied to the measurements provided by the Dawson County Assessor, and rounded to the nearest 100 bushels. Any potential buyer should perform proper due diligence to confirm the accuracy of these estimated figures. Potential buyers should consult with a reputable grain bin manufacturer concerning the damage to the largest bin, as well as the general condition of all bins, fixtures and equipment, prior to submitting an offer. All equipment and fixtures associated with the property have not been tested, and it is unknown if the equipment and fixtures are operational. As such, all building improvements, grain storage binds, equipment and fixtures are being sold in "as is" condition.*** 2025 Taxes: $1,940.68 Zoning is M-1 Address: 808 East Pacific Street, Lexington, Nebraska Parcel Number: 240189469 Legal: Building on Leased Land Railroad Right of Way in the SW1/4 Section 4-T9N-R21W of the 6th P.M., Dawson County, Nebraska. List Price: $275,000 John D. Keeney, ARA, RPRA Adam Marshall Land & Auction, LLC Direct - (308) 293-1713 Office - (308) 455-4410 www.MarshallBid.com

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lexington Grain Facility

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

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STORIES

1

BUILDING CLASS

-

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

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ZONING

-

APN/PARCEL ID

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ASK ABOUT THIS PROPERTY

Adam MarshallAdam Marshall Land & Auction, LLCMore Info
308-455-4410

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Adam MarshallAdam Marshall Land & Auction, LLCMore Info
308-455-4410

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