2121 Webb RdGrand Island, NE 68803

Property Details for 2121 Webb Rd

Year built

1980

Lot size

4.02 AC

Property size (Sq ft)

23,436 SF

Zone code

03-COMMERCIAL

Property type

Banks

APN

400037998

APU

400037998

Description

This exceptional 1,254 square foot office space is part of the Commerce Center, a landmark Grand Island property. Located at 2121 N Webb Rd (N Webb Road & W College St), this Class B building offers a convenient location near shopping and restaurants. Built in 1980, the three-story Commerce Center boasts a total of 34,815 square feet and features 165 parking spaces, a single elevator, and an on-site fitness center complete with locker rooms and showers. Conference facilities are available for tenant use, and the added convenience of an on-site bank is a significant benefit. The property sits on 4.02 acres and is zoned CD - Commercial Development Zone. This single-suite space is immediately available, representing a rare opportunity in the Grand Island market. The minimum divisible space is 1,254 square feet, which is also the maximum contiguous space currently available. The building is comprised of multiple tenancies. This is an ideal location for medical, creative, or traditional office uses. Don't miss this chance to secure prime office space in a well-established and amenity-rich building.

• CAP approach

  CAP return

  Valuation

  6%

  $6,866,928

  6.5%

  $6,338,704

  7%

  $5,885,939

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,105,945

  Geo Method

  $7,105,945

• Alternative Use

  Use

  Valuation

  Residential

  $5,346,934

  Hospitality

  $4,897,762

  Educational

  $4,074,881

  Medical

  $4,215,022

  Retail

  $6,338,704

Location Insight

City

Grand Island

County

Hall

State

Nebraska

Latitude

40.9412

Longitude

-98.3776

CBSA code

24260

CBSA name

GRAND ISLAND, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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