140 22Nd StFremont, NE 68025

Property Details for 140 22Nd St

Year built

1972

Lot size

0.35 AC

Property size (Sq ft)

2,452 SF

Zone code

COMMERCIAL

Property type

Medical offices

Property subtype

Medical centers

APN

270044478

APU

270044478

Description

This 2,540-square-foot, single-story office building in Fremont, Nebraska, presents a compelling value-add opportunity for owner-occupiers or investors. Located at 140 E 22nd St, 68025, this Class B property sits on a 14,915-square-foot lot and boasts high visibility from Hwy 30/23rd Street. Built in 1972, the building is currently vacant but features a previously occupied 1,588-square-foot dental office space with five exam rooms, a consultation office, administrative office, supply room, reception area, and ADA-compliant restroom. This space is nearly move-in ready for a medical professional or could be easily adapted for other office uses. An additional 952 square feet of unfinished space (28' x 34') offers significant expansion potential, either for the existing space or as a separate rental unit. The building's dual front and rear entrances facilitate this flexibility. The asking price is $400,000, translating to $157.48 per square foot. The property is zoned UR and offers fee simple ownership. This versatile property is ideal for a variety of office uses and presents a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $487,690

  6.5%

  $450,175

  7%

  $418,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $125,150

  Geo Method

  $125,150

• Alternative Use

  Use

  Valuation

  Residential

  $558,217

  Hospitality

  $511,324

  Educational

  $425,416

  Medical

  $440,046

  Retail

  $661,758

Location Insight

City

Fremont

County

Dodge

State

Nebraska

Latitude

41.4508

Longitude

-96.4954

CBSA code

23340

CBSA name

FREMONT, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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