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34279644
34279645

2118 Central Avenue, Kearney, NE 68847 For Sale

kearney realty
RB
20170581
kearney realty
Listed by kearney realty
$425,000
10 days on market
Updated 10 days ago

2118 Central Avenue

Details
Property Type Retail, Mixed Use
Sub Type Storefront
Square Footage 7,944
NOI $21,600
Occupancy 50%
Tenancy Multi
Lease Type Modified
Lease Expiration 05/31/2029
Remaining Term 2.9
Rent Bumps Yes
Year Built 1900
Lot Size (SqFt) 3,250
Zoning CBD
Ground Lease No

Rare opportunity to own an income producing commercial building in the heart of Downtown Kearney.

Marketing description

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 Central Avenue. 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.

Listing Contacts

kearney realty
RB
20170581
kearney realty
Listed by kearney realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$21,600.00
$1,800.00/mo

Valuation Metrics

0
DSCR
5.08%
Cap Rate
5.08%
ROI

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Additional Information

Name
Nicole Straka
License
20020080
Brokerage
Kearney Realty, LLC.
Title
Broker of Record
Name
Hannah Washington
License
20210817
Brokerage
Kearney Realty, LLC
Brokerage Phone
3084401386
Title
Real Estate Salesperson
Brokerage Address
4111 4th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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