210 23Rd StFremont, NE 68025

Property Details for 210 23Rd St

Year built

1958

Lot size

0.44 AC

Property size (Sq ft)

1,664 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

270047838

APU

270047838

Description

This exceptional investment opportunity presents a 2,049-square-foot retail building situated on a 0.44-acre lot in Fremont, Nebraska. Located at 210 W 23rd Street (Business Loop Hwy 30), this property boasts a prime location on a major thoroughfare, benefiting from high visibility and substantial traffic volume. The single-story brick veneer building was constructed in 1959 and renovated in 1984, offering a blend of character and updated features. The property includes ample parking with 30 paved stalls across a 19,003 square foot lot (86' x 221'). Zoned for Suburban Commercial use, this property is ideal for a variety of retail businesses. Its strategic location is further enhanced by its proximity to established businesses, including a Burger King and an auto dealership. The high daily traffic count of 9,840 vehicles (2023 data) underscores the significant potential for attracting customers. The property's parcel ID is 270047838. This is a rare opportunity to acquire an owner-user building in a thriving Nebraska community. The property's size, location, and existing infrastructure make it an attractive investment for both owner-occupiers and investors seeking a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $486,523

  6.5%

  $449,098

  7%

  $417,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $214,025

  Geo Method

  $214,025

• Alternative Use

  Use

  Valuation

  Residential

  $378,831

  Hospitality

  $347,007

  Educational

  $288,706

  Medical

  $298,635

  Retail

  $449,098

Location Insight

City

Fremont

County

Dodge

State

Nebraska

Latitude

41.4518

Longitude

-96.4982

CBSA code

23340

CBSA name

FREMONT, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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