This former 15,022 SF freestanding drug store (Walgreens) is situated on a 84,366 SF (1.94 Acre) CG (Commercial General) zoned lot at the lighted intersection of Nebraska Ave and Dr Martin Luther King Jr Blvd which enjoys a combined traffic count of 35,000 VPD (both streets). The interior of the structure features high ceilings of approximately 20 ft and column spacing of 35 ft and has a covered drive through lane and ample 3 phase power. The building as also fully fire sprinklered. The site features excellent access from both Dr Martin Luther King and Nebraska Ave and boasts 67 parking spaces. Preliminary site plan approval for a "Live Local" redevelopment yielded a probable site plan of 230 250 units with 7 story height limit after a zoning & comprehensive plan change. The property sits within an Opportunity Zone, and, given the scope of the potential project, a doubling of basis would be easy to achieve.
** Also available for lease
Located on N. Nebraska Avenue and E. Martin Luther King, Jr. Blvd. and close to I 275 and I 4, offering easy access to surrounding areas, including downtown.
This former 15,022 SF freestanding drug store (Walgreens) is situated on a 84,366 SF (1.94 Acre) CG (Commercial General) zoned lot at the lighted intersection of Nebraska Ave and Dr Martin Luther King Jr Blvd which enjoys a combined traffic count of 35,000 VPD (both streets). The interior of the structure features high ceilings of approximately 20 ft and column spacing of 35 ft and has a covered drive through lane and ample 3 phase power. The building as also fully fire sprinklered. The site features excellent access from both Dr Martin Luther King and Nebraska Ave and boasts 67 parking spaces. Preliminary site plan approval for a "Live Local" redevelopment yielded a probable site plan of 230 250 units with 7 story height limit after a zoning & comprehensive plan change. The property sits within an Opportunity Zone, and, given the scope of the potential project, a doubling of basis would be easy to achieve.
** Also available for lease
Located on N. Nebraska Avenue and E. Martin Luther King, Jr. Blvd. and close to I 275 and I 4, offering easy access to surrounding areas, including downtown.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 15022.00
Property Information
Property Condition: Completed
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Over 30 Spaces
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Electric: Three Phase
Road Frontage Type: County Road
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2023
Other Features
Country: US
Legal Description: FENDIGS SUBDIVISION LOTS 1 TO 12 BLOCK B AND LOTS 15 TO 19 BLOCK B TOGETHER WITH A PORTION OF THE 10 FOOT VACATED ALLEY BEING MORE PARTICULARLY DESCRIBED AS: BET AT SE COR OF LT 12 BLK B FENDIGS SD THN N89-35 -42W 410 FT TO E RW OF N NEBRASKA AVE, THN ALG SAID E RW LINE N00-27-43E 175.01 FT TO A CURVE CONCAVE SELY W RADIUS OF 41 FT THN NELY CB N45-26E CHD DISTANCE 57.95 FT TO S RW OF MLK JR BLVD THN ALG SAID LINE S89-35-42E 81.22 TO A CURVE CONCAVE NLY W RAD OF 1484.11 FT CHD BRG N87-27-05E CHD DISTANCE 152.94 FT TO A REV CURVE CONCAVE SLY W RAD OF 1186.37 FT, CB N86-33-30E CHD DIST 85.29 FT THN S00-27-43W 104.57 FT THN S89-35-42E 50 FT THN S00-27-43W 125 FT TO POB LESS FOLLOWING DESC PARCEL: COM AT SE COR OF LOT 12 BLOCK B THN N 89 DEG
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