2410 S 73rd St - Medical FOR SALE


Omaha, NE 68124
$1,500,000 USD
402-310-4563
2410 S 73rd St, Omaha, NE for Sale
$1,500,000 USD
Medical - FOR SALE
1/7
null | 8.24% Cap Rate

2410 S 73rd St
Omaha, NE 68124


HIGHLIGHTS

  • Strategic Location: Near 73rd and Mercy Road, offering easy access to major thoroughfares.
  • Proximity to Medical Facilities: Two minutes from Bergan Mercy Hospital, ideal for medical professionals.
  • Recent Upgrades: New roof installed in 2020 with a 20-year warranty, reducing future maintenance costs.
  • High Occupancy Rates: Historically high occupancy, indicating desirability and stable income potential.
  • Nearby development: The Crossroads Redevelopment: A major mixed-use transformation nearby, boosting Omaha’s retail, business, art, and healthcare hub.
  • Nearby development: New Apartment Development at 71st & Mercy: A 200-unit apartment building bringing new residents and demand to the area.

OVERVIEW

Brightway Commercial is delighted to present an exceptional investment opportunity: the acquisition of a fully occupied, three-tenant medical office facility located at 2410 S 73rd St., Omaha, Nebraska. This single-story, 10,547-square-foot medical office building is situated on a 0.91-acre lot, offering ample space for medical practices. Strategically positioned just northwest of the high-traffic intersection of West Center Road (27,000 vehicles per day) and South 72nd Street (50,000 vehicles per day), the property ensures excellent visibility and accessibility. It is merely minutes from Bergan Mercy Hospital (CHI Health Creighton University Medical Center), enhancing its appeal to medical professionals. The surrounding area boasts a population of approximately 315,753 within a five-mile radius, with an average household income exceeding $80,000 annually, indicating a robust economic environment. The building has maintained full occupancy since its construction, primarily housing dental practices. Historically, when one dentist retires, another has seamlessly taken over the practice and tenancy, reflecting the property's strong reputation within the medical community. Current gross rental rates are below market value, presenting investors with the opportunity to increase rates upon lease renewals or new tenant agreements, thereby enhancing the property's income potential. A new roof was installed in 2020, accompanied by a 20-year warranty, reducing future maintenance costs and adding to the property's appeal. Located approximately 1.5 miles north at 72nd and Dodge, The Crossroads is undergoing a significant transformation into a dynamic mixed-use development. This project aims to revitalize central Omaha by merging retail, business, art, entertainment, and healthcare, enhancing the area's vibrancy and economic activity. Situated nearby at 72nd and Mercy Road, Community Alliance has constructed a new 120,000-square-foot headquarters. This facility enhances the area's healthcare infrastructure and increases foot traffic, benefiting neighboring businesses. Construction is underway on a four-story, 200-unit apartment building near 71st and Mercy Road, adjacent to the recently completed Community Alliance building. This development is expected to bring additional residents to the area, potentially increasing demand for local services and amenities. This property represents a compelling investment opportunity, combining a prime location, stable tenancy, and significant potential for income growth amidst a thriving and developing community.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

8.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mercy Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

39,888 SF

ZONING

GO

APN/PARCEL ID

0146-1506-08

ASK ABOUT THIS PROPERTY

Nate Ohlrich, CCIMBrightway Commercial, LLCMore Info
402-310-4563

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Nate Ohlrich, CCIMBrightway Commercial, LLCMore Info
402-310-4563

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.