FOR SALE • 1523 1st Avenue, Scottsbluff, NE 69361

$129,990

 
 

Prime Investment Opportunity:
Office/Broadcasting Studio with Multi-Family Potential

Unlock the potential of this versatile property located in the heart of Scottsbluff. Offering substantial square footage and architectural character, this building is perfect for an owner-user, strategic investor, or an ambitious developer looking to capitalize on the potential for downtown housing.

Property Overview

  • Price: $129,990

  • Year Built: 1956 with updating

  • Main Floor: 3,870 SF (Office/Broadcasting Studio)

  • Second Floor: 3,870 SF (Development Opportunity)

  • Total Square Footage: ~7,740 SF (Combined)

  • Site: 13,000 SF

  • Construction: Classic Brick Veneer facade with durable Concrete Block structure.

  • Central Business District: The subject is in the in the central business district of Scottsbluff with good access to all the portions of the city and major highways.

  • The property will be sold “As-Is.”

Key Features

  • Versatile Main Level: Currently configured with several private offices and a spacious studio area. Equipped with gas-fired forced heat and central air conditioning.

  • Development Upside: The 3,870 SF second story is a blank canvas. Currently vacant and in need of repair, and could be remodeled into apartments.

  • Solid Infrastructure: The building’s robust concrete block and brick construction provides a lasting foundation for your business or renovation project.

Lease Information & Special Conditions

This property is sold with a unique, low-impact lease agreement in place:

  • Marquee Lease: A 10-year lease will remain for the engineer’s room (located opposite the studio).

  • Cost Neutral: Marquee will occupy the room at no charge but is responsible for all applicable utility expenses for that space.

  • Communications Tower: Marquee retains ownership and full maintenance responsibility for the external communications tower.

  • Furniture & Equipment: All furniture will be removed prior to closing, with the exception of the equipment in the engineer’s room.

Contact us today to schedule a private showing and explore the possibilities at 1523 1st Avenue!

Offering Memorandum

Photographs

Front Elevation

Rear Elevation

Office Area

Office Area/Conference Room

Engineer’s Room

2nd Floor

Basement Area

Restroom

 
 

Map