501 W Norfolk Ave

    Norfolk, NE 68701
    • $575,000
    • STATUS: Active
    • ON SITE: 69 days
    • MLS #: 180519
    $575,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Area:

    School Ratings & Info

    Description

    Here is your chance to own a truly unique and lucrative investment property on the Riverpoint in historic and vibrant downtown Norfolk. It is a true live here work here property that combines 11 spacious upgraded apartments (6 one bedroom and 5 two bedroom) with low vacancy and over 12,000 square feet of commercial/retail space. The commercial space is currently divided into 4 separate retail locations and a sizable storage space in the rear of the building. Three of the 4 retail spaces are currently leased. (See attached pro-forma cash flow in associated documents). Dont miss out on this rare chance to own commercial and multi-family space in one of the hottest commercial real estate sub-markets in Northeast Nebraska. Financials are available upon request

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    © 2019 Norfolk Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Premier Real Estate. Data last updated: 2019-07-18T00:06:44.687.
    www.columbuspremierrealestate.com/homes/94585276

    501 W Norfolk Ave Norfolk, NE 68701

    • Price: $575,000
    • Status: Active
    • MLS #: 180519
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Se Norfolk
    Area:
    Se Norfolk
    Property Description
    Here is your chance to own a truly unique and lucrative investment property on the Riverpoint in historic and vibrant downtown Norfolk. It is a true live here work here property that combines 11 spacious upgraded apartments (6 one bedroom and 5 two bedroom) with low vacancy and over 12,000 square feet of commercial/retail space. The commercial space is currently divided into 4 separate retail locations and a sizable storage space in the rear of the building. Three of the 4 retail spaces are currently leased. (See attached pro-forma cash flow in associated documents). Dont miss out on this rare chance to own commercial and multi-family space in one of the hottest commercial real estate sub-markets in Northeast Nebraska. Financials are available upon request
    Exterior Features

    Construction BrickConcrete Docks None Overhead Door Height N/A Overhead Door Width N/A Overhead Doors None Parking Off SiteStreet Parking Parking Capacity N/A Roof Flat Siding BrickStucco

    Interior Features

    Ceiling Height Varied Height Cooling Central Air Floors Concrete SlabWoodPart Carpet Foundation Partial Basemnt Freight Elevator N/A Total Sq Ft 12501-15000

    Property Features

    Apprx Age 61+ Auction No Building Sq Ft 12171 Flood Insurance No Heat Type ElectricElec Forced AirGas Forced Air Location DowntownFree Standing Miscellaneous Gas Hot Wtr HtrElec Hot Wtr HtTenant Pays UtlInside StorageDisplay WindowUtil Sep MeterUtil Mstr Meter Present Use Retail/Office Sale Rent For Sale Tax Year 2017 Taxes $9444.20 Terms Sell EntiretyWill Divide Utilities Available ElectricGasCity WaterCity Sewer Utilities Paid By Owner WaterGarbage Utilities Paid By Renter GasElectricityCable

    Listing information © 2019 Norfolk Board of Realtors MLS.
    Listing provided courtesy of Russell Wilcox of Real Estate Solutions Team.


    © 2019 Norfolk Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Premier Real Estate. Data last updated: 2019-07-18T00:06:44.687.
     
    Berkshire Hathaway HomeServices Premier Real Estate
    4471 41st Ave. Ste 202
    Columbus NE, 68601