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$ 879,900
Est. payment /mo
Active
121 & 125 E 31st Street Kearney, NE 68847-0000
UPDATED:
Key Details
Property Type Commercial
Sub Type OFFICE
Listing Status Active
Purchase Type For Sale
Subdivision Ne
MLS Listing ID 20260997
Tax Year 2025
Property Sub-Type OFFICE
Property Description
The asset is secured by 2 multiple-year leases with regular rent increases, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being a professional office building whose Tenants are a pediatric dentistry and an insurance brokerage. This investment opportunity is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns. Investment Highlights: • Current cap rate: 6.02% - with current property management • Pro-forma cap rate: 6.83% - if self-managed • Passive, Management-Light Ownership • All internal utilities are Tenant's responsibility • Includes 3 private parking lots • Dedicated monument sign along 31st Street • Has been professionally managed by Century 21-Midlands Property Management for many years • Full due diligence including property management annual income and expense statement available
Location
State NE
Area 2 - Ne In Town Kearney (N Of 25Th St & E Of 2Nd Ave)
Zoning C-O
Direction Excellent investment opportunity located just 2 blocks from CHI Health / Good Samaritan Hospital!
Interior
Heating Electric
Cooling Central Air
Heat Source Electric
Exterior
Utilities Available Electric, Gas, City Water, City Sewer
Roof Type Pitch,Asphalt
Building
Story 1
Foundation Full Basement
Others
Miscellaneous Electric Hot Water Heater,Tenant Pays Utilities,Inside Storage,Display Window,Sprinkler System,Utility Separate,Utility Master
Listed by C21 Midlands