Multi-family Conversion Opportunity

For Sale

7270 Cedar St, Omaha, NE 68124

This Omaha property for sale is located at 7270 Cedar St. The current listed sale price for Multi-family Conversion Opportunity is $6,950,000. Multi-family Conversion Opportunity is situated on a lot that is 3.7 square feet in size.

Contacts

broker

Ed Fleming

broker

Jess Esch

Property Details

  • Property Type Other
  • Lot Size 3.7 SF
  • Additional Rent Contact for pricing
  • Year Built 1973
  • Date Updated Nov 20, 2024

Colliers is pleased to offer for sale the former Aksarben Suites at 72nd and Cedar Street in Omaha, NE. This offering provides an investor with an exceptional opportunity to convert 187 suites to multifamily use, below
replacement cost. An investor will be able to capitalize on the Property’s existing infrastructure and amenities, as well as the Property’s exceptional location nearby two college campuses (University of Nebraska–Omaha and College of Saint Mary), the Aksarben Village Mixed-Use District, and the CHI Health Bergan Mercy Campus. Situated on an expansive 3.7 acre site, the Property was originally developed as a Granada Royale hotel in 1973 and features plentiful amenity space including a pool and hot tub, cafe, bar, and brightly-lit courtyard beneath a six-story atrium. Zoning of the property is currently Community Commercial; however, the City of Omaha has
shown amenability to changing the use to high density residential (R-8).

Vacant

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Getting around

  • 58/100

    Walk Score ®

  • 39/100

    Transit Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Omaha, NE
  • Neighborhood Cornish Heights - Loveland
  • Zip Code 68124
  • Market Omaha

Points of Interest

  • Think Whole Person GE EVSE

    0.42 miles

  • Kum & Go

    0.59 miles

  • Phillips 66

    0.64 miles

  • Metrolitan Utilities District CNG Filling Station

    0.82 miles

  • Shell

    0.98 miles

  • BP

    1.07 miles

  • Mega Saver

    1.41 miles

  • Cenex

    1.44 miles

  • Hy-Vee Gas

    1.45 miles

  • ChargePoint

    2.66 miles

  • Lot C

    0.36 miles

  • Lot D

    0.40 miles

  • Lot E

    0.42 miles

  • Blue Cross Blue Shield of Nebraska Employee Parking

    0.43 miles

  • Green Plains Inc. Parking Structure

    0.45 miles

  • UNO Parking Lot 26

    0.67 miles

  • Lot 13

    0.70 miles

  • Pacific Parking Garage

    0.72 miles

  • Comm Ctr

    0.74 miles

  • School/Comm Ctr

    0.79 miles

  • Aksarben Suites

    0.00 miles

  • Hampton Inn & Suites

    0.36 miles

  • Hampton Inn Omaha Midtown - Aksarben Area

    0.37 miles

  • Hilton Garden Inn

    0.45 miles

  • Hilton Garden Inn Omaha Aksarben Village

    0.46 miles

  • Residence Inn Omaha Aksarben Village

    0.60 miles

  • Courtyard Omaha Aksarben Village

    0.61 miles

  • Super 8 Omaha NE

    0.74 miles

  • Suburban Extended Stay Hotel

    0.82 miles

  • Home2 Suites

    0.86 miles

  • Walmart Supercenter

    0.24 miles

  • Kohl's

    0.73 miles

  • ALDI

    0.79 miles

  • Big Lots

    0.90 miles

  • The Mittmender

    1.18 miles

  • Natural Grocers

    1.35 miles

  • Premier Portable Buildings of Omaha. A subsidiary of SevenJs LLC

    1.42 miles

  • Target

    1.42 miles

  • Fareway Meat Market

    1.44 miles

  • Hy-Vee

    1.46 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Multi-family Conversion Opportunity