508 19Th StOmaha, NE 68102

For Sale
$1,500,000

Prime Omaha location, 27,400 sq ft, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property presents a compelling redevelopment opportunity in Omaha's vibrant Flatiron District. The offering encompasses a two-story, 27,400 square foot parking garage constructed in 1920, situated on a 0.56-acre lot at 508 S 19th St, Omaha, NE 68102. The existing structure features three drive-in doors and offers over 100 parking stalls, providing immediate income potential while redevelopment plans are underway. The property's zoning allows for a wide range of uses, making it ideal for both experienced developers and investors seeking a high-return project. Included in the sale are building value and height (BVH) architectural drawings for a proposed five-story, 50+ unit multi-family development, valued at $200,000. These plans provide a solid foundation for a future project, significantly reducing the time and cost associated with initial design and permitting. The asking price for this unique opportunity is $1,500,000. This property's location in the dynamic Flatiron District offers unparalleled access to amenities, transportation, and a thriving community, ensuring strong future demand and appreciation. Don't miss this chance to acquire a prime piece of Omaha real estate with significant upside potential.

Highlights

  • Three drive-in doors.
  • Over 100 parking stalls, generating immediate income.
  • Includes $200,000 architectural drawings for a proposed five-story, 50+ unit multi-family development.

Property Details for 508 19Th St

Property type
Multifamily properties, Other mixed-use properties
Square Feet
27,400 SF
Year Built
1920
Buildings
1
Stories
2
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.254845100826
Longitude
-95.941582437967
508 19Th St, Omaha, Nebraska

FAQs

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508 19Th St
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