105 4Th StBeatrice, NE 68310

Property Details for 105 4Th St

Year built

1900

Property size (Sq ft)

13,026 SF

Zone code

03-COMMERCIAL

Property type

Commercial real estate

APN

9633000

APU

9633000

Description

This exceptional mixed-use property, located at 105 N 4th St, Beatrice, NE 68310, presents a compelling value-add investment opportunity. The three-story, 26,052 square foot building, constructed in 1900, boasts 25 apartment units and additional storefront space, currently housing 27 tenants with a 92.5% occupancy rate. The property sits on a 6,500 square foot lot and is zoned for commercial use. The current Net Operating Income (NOI) stands at $119,398, yielding a 9.18% cap rate. However, a pro-forma NOI of $136,198 projects a 10.48% cap rate, reflecting the significant upside potential. Recent improvements by the current owner include upgrades to common areas, apartment renovations, and essential structural and infrastructure enhancements. This property offers immediate cash flow and substantial room for rent increases, making it an attractive investment in the thriving downtown Beatrice market. The asking price is $1,300,000, translating to $49.90 per square foot. This is a multi-tenant property with significant potential for increased profitability.

• Alternative Use

  Use

  Valuation

  Residential

  $2,661,152

  Hospitality

  $2,437,601

  Educational

  $2,028,056

  Medical

  $2,097,804

  Retail

  $3,154,753

Location Insight

City

Beatrice

County

Gage

State

Nebraska

Latitude

40.2662

Longitude

-96.7497

CBSA code

13100

CBSA name

BEATRICE, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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