Listing Number: 87671-262607
Description
Newly renovated and fully stocked convenience store in Economic Opportunity Zone in North Omaha. Re-gentrification currently underway, property values skyrocketing; great tax rewards as this property will gain value! Strategically located in area that is targeted with funding for economic development. Incoming developments include residential and retail, sports complexes, and new zoning opportunities. Real estate available to qualified buyer of the business. Business for sale for $35,000 plus inventory on hand at closing (approximately $40,000); real estate also available for purchase for $350,000 to a buyer who also purchases the business. Real estate has been renovated and remodeled: Major plumbing work was completed for the addition of the fountain stations; Additional electrical work was done for Exit signs and to bring everything up to code; The building is 25x68' with ground floor 1,686 SF plus partially finished basement are of 916 SF for total area of 2,602 SF under roof. Comparable sales average more than $350/SF, asking $134/SF. New AC unit and Furnace both of which were installed in 2022; New windows and a commercial door were installed for the storefront, and a new water heater was installed in 2023. Buy the business and real estate while prices for both are low, and reduce capital gains taxes because of the Economic Opportunity Zone when you sell both business and real estate for more later.
Listing Details
- Price: $ 35,000
- Down Payment: $15,000
- Sellers Discretionary Earnings: $ 58,738
- Total Sales: $ 250,374
- Location: Douglas County, Nebraska
- Inventory: $ 40,000
- FF&E: $ 60,000
- Employees: 8
- Year Established: 2023
- Reason for Selling: Built to sell
- Category: Convenience Stores,Liquor Related Biz
