Wilson Development Property

Kearney, one of Nebraska's fastest growing cities is home to this development property. The property is in the NW part of town and has frontage on one of the main thoroughfares, W 56th St, which would offer ample traffic for any commercial business. The potential for residential development exists as there is an elementary school nearby along with recent housing around it. Land This property contains 3 commercial lots of the Tami Addition, and a larger parcel that is still zoned as agricultural. All four parcels are under the Future Land Use designation MU2, Office/Commercial Retail Mixed Use. Mixed Use 2 provides both office and retail space within urban service areas. This land use allows for different types of zoning and is compatible with higher density residential land uses. The Commercial Lots are zoned as C-1/PD, Limited Commercial District/Planned Development which allows for neighborhood commercial and office use with neighboring residential. Development on these lots potentially requires a Planned Development Plan to be filed before development can occur. The lot breakdowns are as follows: Lot 1 is 1.2A and was taxed at $2299.78 in 2021 Lot 2 is 1.83A and was taxed at $4611.06 in 2021 Lot 3 is 1.01 and was taxed at $2024.76 in 2021 The agricultural parcel is comprised of 25.63A and was taxed at $517.84 in 2021. Development of this parcel will need to be evaluated by the City based on the project. Total acres are 29.67 and total taxes are $9453.44 Development will need to include the continuation of 6th Avenue to W 56th St & a continuation of W 59th St to 6th Avenue. The City of Kearney offers potential developers free and confidential meeting sessions to answer any questions regarding development. *Parcel information was gained from Buffalo County Assessor website and is used as a reference only **The sellers may consider financing dependent upon the terms of the contract Improvements There is an existing building on commercial lot 2 which is currently being used for storage and may be subject to being brought up to city code if utilized.