1505 Adams StLexington, NE 68850

Property Details for 1505 Adams St

Lot size

0.07 AC

Zone code

03-COMMERCIAL

Property type

Commercial real estate

APN

240127587

APU

240127587

Description

This exceptional 19,848 square foot senior living facility, situated on a 6.37-acre lot in Lexington, Nebraska, presents a compelling value-add investment opportunity. Built in 1964, the single-story building is currently zoned for commercial use, offering significant flexibility for future development. The property, formerly known as Plum Creek Care Center, closed in 2022, and is now available for purchase at $2,400,000, translating to $120.92 per square foot. With 66 beds, the existing configuration provides a solid foundation for a variety of uses, while the expansive lot size allows for potential expansion or redevelopment. Its advantageous location next to schools adds to its appeal. The property's designation as an Opportunity Zone further enhances its investment potential, offering significant tax advantages. This property is ideally suited for an owner/user seeking a substantial asset in a growing community, or an investor looking to capitalize on the unique benefits of an Opportunity Zone designation and the potential for adaptive reuse. The property's existing infrastructure and ample space provide a strong base for a variety of commercial ventures. Serious inquiries are encouraged.

• Alternative Use

  Use

  Valuation

  Residential

  $707,211

  Hospitality

  $647,802

  Educational

  $538,963

  Medical

  $557,499

  Retail

  $838,388

Location Insight

City

Lexington

County

Dawson

State

Nebraska

Latitude

40.7888

Longitude

-99.7502

CBSA code

30420

CBSA name

LEXINGTON, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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