655 108Th AveOmaha, NE 68154

For Sale
$17,500,000

155-unit senior housing, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity: A fully approved conversion of a 221-key Wyndham Hotel into Spring House Senior Living in Omaha, Nebraska, is available for $17,500,000. This value-add project offers 155 units of independent and assisted living residences, including memory care, representing a significant upside potential in the growing senior living market. The six-story, Class B building, constructed in 1974 and renovated in 2012 and 2021, boasts a prime location in suburban Omaha at the intersection of Interstate 680 and Dodge Road, an epicenter of business activity. The property is zoned Community Commercial and features above-average physical condition upon completion of the conversion. All necessary permits are in place and ready for immediate conversion. The price per key is $79,185.52. This fee-simple ownership opportunity presents a unique chance to capitalize on the expanding demand for senior living facilities in the Omaha area. The property is located at 655 N 108th Ave, Omaha, NE 68154, within Douglas County.

Highlights

  • 221-key Wyndham Hotel currently operating.
  • Proposed conversion to Spring House Senior Living of Omaha.
  • 155 independent and assisted living units planned, including memory care.
  • Above-average physical condition expected post-conversion; average construction quality.
  • Prime suburban Omaha location at I-680 and Dodge Road.
  • Fully permitted and ready for conversion.

Property Details for 655 108Th Ave

Property type
Retirement homes, Multifamily properties
Class
B
Year Built/Renovated
1974/2012
Stories
6
Units
155

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.2657546
Longitude
-96.0821617
655 108Th Ave, Omaha, Nebraska

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655 108Th Ave
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