708 State StAtkinson, NE 68713

Property Details for 708 State St

Year built

2018

Lot size

0.42 AC

Property size (Sq ft)

3,200 SF

Property type

Retail space

APN

450020531

APU

450020531

Description

This exceptional commercial property, located at 708 E State Street in Atkinson, Nebraska (zip code 68713), is offered at $400,000. Built in 2018, this 3,200 square foot building boasts a prime location right off Highway 20. Currently housing a successful floral design, gift, home décor, and coffee shop (JuJu Bean Coffee business name not included), this turnkey operation offers a well-established customer base and proven profitability. The thoughtfully designed layout includes a drive-up coffee window, a cozy seating area, an inviting coffee bar, and a spacious floral arranging area complete with a 13' x 7' walk-in cooler. A large storage room with a 10' wide x 9' tall overhead garage door, separated from the sales floor by a fireproof wall and door, provides ample space for inventory. The building features 10-foot ceilings throughout, electric heat, and a heat pump for efficient climate control. Annual property taxes in 2023 were $1,907.62, with average monthly utility costs of approximately $595.34 (electricity: $503, water/sewer/trash: $92.34). This presents a unique opportunity for entrepreneurs and investors seeking a thriving, established business in a vibrant community. The property's versatile design and established clientele make it an ideal investment for those interested in the floral, gift, home décor, or coffee industries.

• CAP approach

  CAP return

  Valuation

  6%

  $937,280

  6.5%

  $865,181

  7%

  $803,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $411,587

  Geo Method

  $411,587

• Alternative Use

  Use

  Valuation

  Residential

  $729,813

  Hospitality

  $668,504

  Educational

  $556,188

  Medical

  $575,316

  Retail

  $865,181

Location Insight

City

Atkinson

County

Holt

State

Nebraska

Latitude

42.5315

Longitude

-98.9694

Property Tax & Assessments

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