204 25Th StKearney, NE 68847

Property Details for 204 25Th St

Year built

1976

Construction

CONCRETE

Lot size

0.36 AC

Property size (Sq ft)

7,200 SF

Zone code

03-COMMERCIAL

Property type

Office buildings

APN

605396000

APU

605396000

Description

This 4,464 square foot commercial building, situated on a 0.968-acre lot in Oberlin, Ohio, presents a unique investment opportunity. Originally serving as a regional bank's branch office, this Class C property, built in 1973 and renovated in 2000, offers adaptable space ideal for various uses, including light medical, office, or research. The single-story building features 32 parking spaces and is conveniently located near the intersection of Route 20 and Route 58, providing easy access. The property is zoned C-2 and boasts high-speed internet and central air conditioning. The building is divisible, allowing for single or multi-tenant occupancy, with each space offering independent entrances, its own kitchen, separate restrooms, and individual temperature controls. The front suite retains well-maintained office workstations. Currently, a 2,464 square foot space is available for lease. The property's accessibility features and proximity to major roadways (25 minutes to the airport and 40 minutes to Downtown Cleveland) make it an attractive option for businesses seeking a strategic location. The Lorain County location, with APN 0900105000014, adds to its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $1,517,177

  6.5%

  $1,400,471

  7%

  $1,300,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $866,304

  Geo Method

  $866,304

• Alternative Use

  Use

  Valuation

  Residential

  $1,736,585

  Hospitality

  $1,590,702

  Educational

  $1,323,446

  Medical

  $1,368,961

  Retail

  $2,058,693

Location Insight

City

Kearney

County

Buffalo

State

Nebraska

Latitude

40.7007

Longitude

-99.0785

CBSA code

28260

CBSA name

KEARNEY, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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