3157 Farnam StOmaha, NE 68131

Property Details for 3157 Farnam St

Year built

2010

Lot size

0.97 AC

Property size (Sq ft)

25,757 SF

Property type

Retail space

APN

1741675551

APU

1741675551

Description

This exceptional retail property, Midtown Crossing, located at 3157 Farnam St, Omaha, NE 68131, offers 25,088 square feet of space in a single, 2010-built building situated on a 42,044 square foot lot. The property features 13 suites, with a total of 7,714 square feet currently vacant. Available spaces range from 1,233 to 4,717 contiguous square feet, ideal for a variety of retail or restaurant uses. The zoning is MU, allowing for multiple uses. This vibrant location boasts high visibility along Farnam Street in the Midtown Crossing development, providing excellent access and exposure. The property benefits from its proximity to established businesses such as Gel Nails, Rexius Nutrition, and UbreakIFix, creating a strong synergy and attracting a diverse customer base. The property's single-building design offers efficient management and streamlined operations. This is a unique opportunity to establish or expand your business in a thriving Omaha neighborhood. The cross street is Turner Blvd.

• CAP approach

  CAP return

  Valuation

  6%

  $8,394,237

  6.5%

  $7,748,526

  7%

  $7,195,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,312,886

  Geo Method

  $3,312,886

• Alternative Use

  Use

  Valuation

  Residential

  $6,536,172

  Hospitality

  $5,987,098

  Educational

  $4,981,196

  Medical

  $5,152,506

  Retail

  $7,748,526

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2574

Longitude

-95.9591

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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