Multi-family Conversion Opportunity

7270 Cedar St, Omaha, NE 68124

  • For Sale $6,950,000
  • Property Type Other
  • Lot Size 3.7 SF
  • Additional Rent Contact for pricing
  • Year Built 1973
  • Date Updated Nov 15, 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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Contacts

broker

Ed Fleming

broker

Jess Esch

Location

Getting Around

  • Walk Score ®

    58/100 Somewhat Walkable

  • Transit Score ®

    39/100 Some Transit

  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • 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

  • Crystal Jade

    0.06 miles

  • Hokiado Ramen House

    0.39 miles

  • Jersey Mike's Subs

    0.41 miles

  • First Watch

    0.44 miles

  • Ponzu Sushi and Grill

    0.53 miles

  • New Gold Mountain Restaurant

    0.53 miles

  • Salween Thai

    0.54 miles

  • Qdoba

    0.54 miles

  • Blacklot Taphouse

    0.54 miles

  • Wingstop

    0.54 miles

  • College of Saint Mary

    0.24 miles

  • University of Nebraska Medical Center - Munroe Meyer Institute

    0.47 miles

  • Scott Campus - Newman Center

    0.51 miles

  • University of Nebraska-Omaha - Scott Campus

    0.64 miles

  • Westgate Elementary School

    0.83 miles

  • Loveland Elementary School

    0.93 miles

  • American Red Cross

    0.95 miles

  • Belle Ryan Elementary School

    1.14 miles

  • Academy of Nail Design

    1.24 miles

  • Westside High School

    1.33 miles

  • Children's Angel Childcare II

    0.80 miles

  • Child Care Center

    1.30 miles

  • Westside Early Childhood Center

    2.29 miles

  • Little Lamb's Daycare And Preschool

    2.78 miles

  • NE Medical Center-Family Place

    2.89 miles

  • Montessori Educational Center: House of Montessori

    2.98 miles

  • Elite Childcare Academy

    3.65 miles

  • La Petite Academy

    3.92 miles

  • Precious Memories Child Care

    4.09 miles

  • Sunnyslope KinderCare

    4.46 miles

Frequently Asked Questions

How much does Multi-family Conversion Opportunity cost?

The space currently listed for sale at Multi-family Conversion Opportunity asks for $6,950,000.

What is the total square footage of Multi-family Conversion Opportunity?

Multi-family Conversion Opportunity totals 193,200 square feet.

When was this property built?

Multi-family Conversion Opportunity was built in 1973.

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