212 Court StBeatrice, NE 68310

Property Details for 212 Court St

Year built

1950

Construction

BRICK

Property size (Sq ft)

5,000 SF

Zone code

03-COMMERCIAL

Property type

Bars

Property subtype

Pubs

APN

9617000

APU

9617000

Description

This thriving, family-owned bar in Beatrice, Nebraska, presents a fantastic investment opportunity. Located on Highway 136, this 5,000 square foot establishment boasts a long-standing history of over 20 years in business. The property includes two bars, two sets of restrooms, and a fully equipped kitchen currently serving lunch. Income-generating features include leased Keno and gaming equipment, as well as leased pool and shuffleboard tables. Outdoor seating provides additional space for patrons. All contents are included in the sale, excluding leased items and liquor. Recent upgrades include a newer ice machine and walk-in cooler. The building has ample parking, though the lot is leased from the City of Beatrice. While situated in a floodplain, the basement has never experienced flooding. This turnkey operation is ready for a new owner to continue its success. The asking price is $150,000, representing a price per square foot of $30. The property is offered fee simple. Built in 1950, this well-established business is poised for continued growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $1,311,857

  6.5%

  $1,210,945

  7%

  $1,124,449

• Comparable approach

  Method

  Valuation

  Relative Method

  $901,278

  Geo Method

  $901,278

• Alternative Use

  Use

  Valuation

  Residential

  $1,021,477

  Hospitality

  $935,668

  Educational

  $778,464

  Medical

  $805,237

  Retail

  $1,210,945

Location Insight

City

Beatrice

County

Gage

State

Nebraska

Latitude

40.2662

Longitude

-96.7515

CBSA code

13100

CBSA name

BEATRICE, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].