1705 Washington St Local commercial 901 m² À vendre Blair, NE 68008 730 932 € (811,10 €/m²)

Exceptional Properties Group presents the commercial listing intelligence report and financial prospectus for 1705 Washington St, a historic 2-story commercial building built in 1897 in downtown Blair, Nebraska. The property features 9,700 SF of total above-grade area (comprising 4,850 SF on the Main Floor and 4,850 SF on the Second Floor), plus a 4,850 SF full basement level (14,550 SF total structure across 3 levels).
The property is offered at an asking price of $850,000 ($87.63/Above-Grade SF | $58.42/Total SF). To encourage an investor to transform the building into a Boutique Hotel, the seller is prepared to structure lucrative Seller Financing if buyer keeps to investment thesis of the concept of a Boutique Hotel Project.
Blair, Nebraska (county seat of Washington County) has evolved into one of the Midwest's premier bio-industrial innovation hubs and logistics powerhouses. Strategically positioned along US Highway 30 and US Highway 75—just 20 minutes north of the Omaha metropolitan area (population 1,000,000+)—Blair combines high-tech industrial expansion with small-town downtown charm.
At the core of Blair's economy is a 650-acre, world-renowned bioeconomy campus anchored by Cargill. Over $2.0 Billion in cumulative private capital has been invested in this campus, creating a dense cluster of international biotechnology leaders including Cargill, Novonesis (Novozymes), Evonik, Veramaris, NatureWorks (Ingeo biopolymers), Corbion, and Ecto Development.
Priced for Boutique Hotel Development Concept
Positioned 20 minutes from the Omaha metro area and adjacent to the Cargill Bioeconomy Complex
21 Luxury Boutique Guestrooms; Lounge + Rooftop Patio Bar + Speakeasy/Cigar + Massage/Spa + Sauna + Elevator Core/ADA
Hotel Developer Seller Financing: Variable Down Pymnt, Interest, Balloon for Hotel Concept
Projected Year 3 Stabilized Hotel Revenue: $1,454,867 Gross Operating Revenue (USALI)
Projected Year 3 Net Operating Income (NOI): $545,579 NOI (37.5% Net Margin)
Over 60% of high-earning bioscience campus engineers, executives, auditors, and international consultants commute into Blair daily
Blair's bio-industrial ecosystem represents over $2.24 Billion in combined industrial infrastructure
8-Year VIP Property Tax Freeze ($3,130/yr Baseline Potential)
DSCR = 10.11x Stabilized with extraordinary safety cushion
Historic Commercial Building (Built 1897) eligible for Nebraska Historic Tax Credit (30%) + Federal Historic Tax Credit (20%)