Longview Apartments - Development Land
Multifamily | 328 Units
Marketing description
CBRE, as exclusive marketing advisor, is pleased to present an opportunity to acquire a 6.75 acre site and 383-stall parking structure located at 10842 & 10826 Farnam Drive in the West Dodge corridor in Omaha, Nebraska.
The property is conveniently located at the junction of I-680 and West Dodge Road with easy access to the greater Omaha area. The property is just 9 miles west from downtown Omaha and just 9 miles east from the Elkhorn neighborhood which is at the western edge of the incorporated city limits.
The property is located in the center of Omaha on a quiet cul de sac with immediate access to the 9.88 mile Big Papio Trail, a paved trail for bikers, joggers and nature lovers.
10842 & 10826 Farnam Drive is across the street from the Charles Schwab regional headquarters which employs more than 1,000 people.
Investment highlights
- Fully entitled 6.75 acre multi-family development site for 328 units
- In central omaha’s most supply-constrained area — a rare multi-family Development opportunity
- Architectural plans for 306,648 net rentable square feet
- Cbre document room includes architect’s plans, civil engineer’s designs, survey, soil Testing reports, environmental testing, and the city of omaha planning board approval.
- The project maintains the existing 383-stall parking structure and its storm Shelter. A total of 492 parking spaces.
- Scale and design flexibility in a high-barrier, central location adjoining the Protected and paved 10-mile big papio trail
- Connected to jobs — immediate access to west dodge road (route 6) and i-680 at The absolute center of omaha
- Ultra-quiet and safe neighborhood directly across the street from the charles Schwab regional headquarters
- Nearby amenities — costco, whole foods, trader joe’s, menards, westroads mall, Regency court, the big papio trail — all within 5 minutes’ drive
- Located in a minimal flood risk area
- Power from two separate substations — valuable redundancy against outages
- High income demographic — within a 2-mile radius, the average household income Is $129,602, and the average housing value is $419,588
- Millennials and gen z comprise 34.4% of the population within a radius of 5 miles
- The site plan includes two proposed four-story apartment buildings: an East Building (182 units) and a West Building (146 units)
- The project maintains the existing parking structure and storm shelter, built in 2009 and in very good condition
- The West Building includes a daycare, resident lounge, co-working spaces, library, etc.
- The East Building includes a fitness center, saunas, pet spa, yoga studio, and game room
- Outdoors are a 50-foot pool, pickleball courts, playground, dog run, and bike storage
- Whole Foods, Costco, Trader Joe’s, Menard’s, Westroads Mall -- all nearby
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