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820 East 1st Street
Ogallala, NE 69153
Asking Price
$1.50M
Asset Type
Retail
Class
Class B
What's Special
Single-Tenant Building with Expansion Potential <ul><li>Vacant commercial building with flexible open layout</li><li>Previously used for furniture manufacturing; vacuum system and some equipment still onsite</li><li>Excellent parking ratio of 3.91 per 1,000 SF</li><li>Fully sprinklered and insulated</li><li>Large site with the ability to expand the building</li><li>Ogallala is the county seat and largest city in Keith County</li><li>Lake McConaughy is Nebraska's top tourist destination with over 1 million visitors annually</li></ul>
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NOI
$80,000
Cap Rate
5.34%
DSCR
0.90
Underwater
Cash-on-Cash
-2.00%
Monthly Payment
$7,416.234
Annual Cash Flow
$-8,994.809
