1600 Farnam StOmaha, NE 68102

For Sale
$2,945,000

Historic Building, Multiple Income Streams, Vacant Office Space

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents the entire 17,816 square foot commercial holding at 1600 Farnam Street in Omaha, Nebraska's vibrant Central Business District (CBD). Built in 1917, this architecturally stunning 2.5-story building, formerly the First National Bank, offers a unique blend of history and modern potential. The property includes three main street storefronts currently leased to established businesses under long-term, net-net-net (NNN) leases, generating multiple income streams. Additionally, the property boasts attached parking garage rights, an original bank vault area, and income from a cell tower. Currently vacant, the substantial office space presents an ideal owner-user opportunity or could be repurposed for a variety of uses, such as event space. The building's prime corner location at 16th and Farnam offers unparalleled visibility and access, further enhanced by its proximity to the proposed trolley turnaround and stunning views of the downtown riverfront project. The nearby 700-unit NuStyle development adds to the area's growing appeal and future potential. The asking price is $2,945,000, with a price per square foot of $165.30. The property is zoned for CBD use and features a remaining lease term of 10 years. This is a rare chance to acquire a landmark Omaha property with significant income potential and redevelopment possibilities.

Highlights

  • High-profile corner location at 16th and Farnam Streets.
  • Proposed streetcar turnaround adjacent to the property.
  • Uninterrupted views of the downtown riverfront revitalization.
  • 700-unit NuStyle development underway nearby.
  • Multiple established, long-term income streams.
  • Excellent opportunity for owner-occupancy or event space use.

Property Details for 1600 Farnam St

Property type
Other retail properties, Other office properties
Square Feet
17,816 SF
Year Built
1917

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.257464
Longitude
-95.9375009
1600 Farnam St, Omaha, Nebraska

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1600 Farnam St
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