2400 Pasewalk AveNorfolk, NE 68701

Property Details for 2400 Pasewalk Ave

Year built

1994

Lot size

26.81 AC

Property size (Sq ft)

195,720 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

590281402

APU

590281402

Description

This exceptional 0.95-acre commercial land parcel presents a unique investment opportunity in Norfolk, Nebraska. Strategically located in a thriving retail corridor, this property enjoys high visibility and accessibility, situated directly adjacent to a Walmart Supercenter. The C-3 zoning allows for a wide range of commercial development possibilities, making it ideal for businesses seeking a high-traffic location. The site benefits from its proximity to other major retailers, including Hy-Vee, Menards, Dollar Tree, Hobby Lobby, and Harbor Freight, ensuring a strong customer base and synergistic retail environment. This prime outparcel offers significant potential for developers and investors looking to capitalize on the robust retail activity in this established commercial area. The address is 2400 W Pasewalk Ave, Norfolk, NE 68701, within Madison County. The property's 0.95 acres provide ample space for a variety of commercial ventures. Its location within a well-established shopping center guarantees high foot traffic and visibility, making it an attractive proposition for businesses seeking a strong retail presence. This is a rare opportunity to acquire a highly desirable commercial land parcel in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $57,309,020

  6.5%

  $52,900,632

  7%

  $49,122,016

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,173,662

  Geo Method

  $25,173,662

• Alternative Use

  Use

  Valuation

  Residential

  $44,623,664

  Hospitality

  $40,875,036

  Educational

  $34,007,548

  Medical

  $35,177,120

  Retail

  $52,900,632

Location Insight

City

Norfolk

County

Madison

State

Nebraska

Latitude

42.0248

Longitude

-97.4451

CBSA code

35740

CBSA name

NORFOLK, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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