320 Douglas StO'Neill, NE 68763

Property Details for 320 Douglas St

Year built

1930

Lot size

0.09 AC

Property size (Sq ft)

1,880 SF

Property type

Turn key restaurants

APN

450021881

APU

450021881

Description

This exceptional commercial property, located at 320 E Douglas Street in O'Neill, Nebraska, presents a unique investment opportunity. Situated along Highways 275/20 and near Highway 281, this prime location ensures high visibility and significant traffic flow, ideal for attracting customers. The property boasts a completely remodeled 1,880 square foot building, completed in 2016, showcasing a captivating blend of industrial design and historic charm. The brick storefront features eye-catching wall lighting and expansive windows, drawing attention from passersby. Inside, exposed brick walls, a vintage tile ceiling, and exposed ductwork create a spacious, open atmosphere complemented by high, 11-foot ceilings and original wood flooring. A fully equipped commercial kitchen and bar area are located towards the rear, along with two restrooms. Currently configured as a restaurant with a 64-person occupancy, the property's versatility allows for adaptation to various business types, from boutiques to studios. A detached 640 square foot garage provides ample storage. The property's 2023 property taxes totaled $1,148.68. Average monthly utilities include electricity ($550), gas ($269), and water/sewer/trash ($230). The main area measures approximately 19'2" x 46'10". This is a rare chance to own a highly desirable commercial space with a distinctive industrial aesthetic in a thriving Nebraska location. The asking price is $220,000.

• CAP approach

  CAP return

  Valuation

  6%

  $550,632

  6.5%

  $508,276

  7%

  $471,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $241,807

  Geo Method

  $241,807

• Alternative Use

  Use

  Valuation

  Residential

  $428,750

  Hospitality

  $392,732

  Educational

  $326,749

  Medical

  $337,986

  Retail

  $508,276

Location Insight

City

Oneill

County

Holt

State

Nebraska

Latitude

42.4581

Longitude

-98.6485

Property Tax & Assessments

FAQs

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