Owner: Greg Hergott, Trustee for the "Twila M. Deger Trust", Fairbury, Ne. 68352.
FOR SALE: ½ City Block w/House & Buildings @ 1123 8th STREET, FAIRBURY, NE. 68352
LEGAL DESCRIPTION: Lots 1 through 8, Block 12, Kesterson and Buchanan's Addition, to the City of Fairbury, Jefferson County, Nebraska.
PROPERTY OFFERS A GREAT RESIDENCE PLUS INCOME-POTENTIAL
o BUILDING LOTS (VACANT) CAN BE SUB-DIVIDED AND SOLD SEPARATELY
o OWNER WILL CONSIDER CARRY-BACK FINANCING
o OWNER WILL CONSIDER DISCOUNT FOR CASH SALE
o 3 CITY LOTS WITH BUILDINGS ARE NOW $264,900.00 and the Buyer of the buildings my also purchse the 5 VACANT CITY LOTS FOR $25,000.
A HUGE REDUCTION IN ASKING PRICE FOR ENTIRE ½ BLOCK: $289,900.00
CLICK HERE FOR SITE MAP SHOWING RELATIONSHIP OF BUILDINGS "A", "B", "C", ETC.
o LEASE-BACK TO CONSIDER: Owner would consider leasing back the 3000’ metal building and certain surrounding parking including access to the streets and alley. Utilities are already separated and the lessee would maintain adequate insurance to indemnify the new owner.
o DISCLAIMER: The owner was a day to day participant to the professional re-building and additions to this property and prepared this data sheet to the best of his ability and memory for the sole purpose of describing the land and buildings in their best light. Please ask all the question you need to determine how this property will serve your needs. And if you are not an expert in real estate please consult your real estate representative before making your offer.
STATISTICS AND MEASUREMENTS: Total land area is ½ city block, 8 full lots, which measure from curb to curb about 69,000 square feet. There are of course legal set backs for streets, alleys, sidewalks and etc.
o Total floor space of buildings is over 8200 square feet.
ZONING: This property is zoned Multi-Family occupancy which could be used for duplexes, tri-plexes, four-plexes, apartments, etc.
HISTORY: The 46’x32’ house was built in 1985-6 to house the offices of the Superintendent of Schools and staff and was not finished as a residence until I completely rebuilt it in 1999-2001. The upper level faces South to 8th street, and the apartment in the lower level has its entrance facing East to Hubble street. I purchased the property when the office space was replaced by the new Jr/Sr High School two blocks away. The 50’x60’ metal building housed the High School Automotive Shop & Classrooms and has interior appointments to meet or exceed "school standards".
o The upper level of the house is 1472’.
o The main level attached garage is 864’.
o The lower entry-level "Apartment" is 1472’ including attached single garage.
o While re-building the house, we prepared the house for future conversion to upper level & lower level duplex.
o Standard are 36" doors, 1 inch rise in one foot ramps, wheel chair accessibility to all rooms and levels.
o The metal building is 3000’ on the ground floor with a 1000 foot loft.
o The detached garage/storage building of 560 square feet.
o Total square feet of concrete and rock driveways and parking areas is over 8000 square feet. The rock driveways are a colorful, smooth washed-river-rock product that our local pit also sells to EARL MAY Garden Centers for deco-rock.
o The wood deck on north side of house is irregular in shape approximately 15’x27’.
o The City Provides: Sewer, electric, police, fire department, garbage pick-up, and water.
o Other Utilities and Conveniences Installed: Peoples Natural Gas, Alltel phones, Warner-Cable and Dish Network satellite TV.
o The water, sewer and gas utilities are on the Hubble St. side of the property.
o All streets, sidewalks and alleys are concrete.
o School grades 5-12 within 1-2 blocks, K through 4 are 6 blocks.
o The 50’x 60’ metal building has separate utilities including two bathrooms, one with shower, two natural gas furnaces and commercial air. There are also three built in rooms suitable for offices or whatever.
o At the north end of the metal building are sewer connections for two RV’s.
"A" UPPER LEVEL HOUSE: In 1999-2001 this 1986 truss-roof house was gutted down to bare studs and rafters and redesigned as a new home. The double pane Anderson windows let in loads of light and we added all new doors, wiring, copper plumbing, plumbing fixtures, etc. The roof was stripped to bare sheeting for inspection and refit with premium shingles, peak vents, soffit vents, and additional insulation. All interior walls and ceilings were resurfaced and the floors stripped for new carpet and tile. The upper level now has 3-bedrooms and 2-baths, large laundry room, and a 16’x46’ "grand-room" style living room, dining room and kitchen combined. We installed a new electric heat pump with electric heat booster furnace. The house is wheelchair friendly with all 36"doors. Located at the back (North) door is a 15’x27’ irregular shaped wood deck with a split-level designed to accommodate a RV-trailer. Two huge Anderson double-pane side-opening windows (10'w x 5'6"h)face south and provide energy saving solar heat in the winter and are effectively insulated by reflective shades in the summer. The house heats and cools very efficiently and all utility costs are available for your inspection. The kitchen/living area has custom built hand finished oak cabinets and trim with oak appointments extending into the laundry room and bathrooms. The upper level and lower level both have west doors and are connected via a short stair and a wheelchair ramp inside the attached garage. The attached garage is insulated and can be heated and cooled from the central air/furnace in the house.
"E" 1472 SQUARE FOOT FINISHED APARTMENT (lower level): This 1472’ apartment has its own entry and attached garage facing East to Hubble street. This apartment could be a solid income producer for the owner of the house. It could also be additional bedrooms, or a family room plus bedrooms or an apartment for other family members. The garage is currently carpeted and used as an office/gym. The garage has a new insulated electric roll up door with a remote and two windows. The kitchen has a double sink with dispose-all and cabinets and is ready for electric range and refrigerator. The kitchen has a double-opening Anderson window facing east and a 36 inch door that opens to a concrete parking area and a small grass yard with a mature chestnut tree. We installed a new tub-shower bathroom and the furnace room was remodeled and made ready for laundry equipment. Wall to wall carpet including the single garage. A rear (west) door opens to a short stairway to the upper level garage. An egress window was installed through the 9" poured foundation on the north side of the (west) "grand-room". The apartment’s grand-room is now a grand-bedroom but could be divided into two or three smaller bedrooms if needed. The apartment is wheelchair friendly with all 36"doors with entry to the east. The stairs at the west end were designed large enough to accommodate an "electric chair-lift" to the upper level garage, if you have such a need. During the 1999-2001 re-build we established the new stairway in the newly added attached garage. The existing stairway was converted into a 4 foot by 18 foot walk through closet reinforced to also serve as a storm shelter. At one end of the closet is a 6’x 6’ "bunker" that was poured with the foundation including reinforced concrete ceiling and a steel fire door. The bunker is paneled with linoleum floor. The 4’ by 18 foot closet can be restored to a stairway to the upper level if it suits your needs.
"B" ATTACHED GARAGE: 864 Square foot 27’x32’new addition 1999-2001 which joins the 50’ x 60’ metal building to the house & apartment. This spacious addition can accommodate vehicles as well as other storage and has a north facing 7 foot by 18 foot insulated roll up door with a quiet-belt opener. This space can be heated and cooled from the house or the metal building. There is an easy incline (wheel chair) ramp to the upper level of the house and a short stair to the lower level Apartment. On the south side is a 36 inch door adjacent to the ramp and stair. When constructed in 1999-2001 we installed a 4" sewer line under the 6" concrete floor just in case this space was later converted to another use. There is room for a South-facing roll up door and driveway which could be added for additional convenience.
"C" 3000 SQUARE FOOT METAL BUILDING: This building is a Legal-Non-Conforming-Use built in a residential neighborhood by School District #8. I considered this building a huge asset to the property when I bought it because I needed to move a large inventory of goods from Arizona. I will keep this building if the House sells separately. The building was the high-school automotive-shops and classrooms and has extensive interior appointments. There is a block wall dividing the building into a 33 foot wide 60 foot long open-shop area plus 1000 square feet of semi-finished rooms along east side with a 1000 square foot "loft" (17’x60’) above with a 48" wide stairway access. There are 5 rows of florescent lighting in the main shop with separate controls for classroom-intensity lighting. Two natural gas furnaces plus a commercial air conditioner will keep the entire building comfortable year-round. Full wrap-around wall and ceiling insulation. Two bathrooms, one with neo-angle shower, several floor drains, a one-inch water supply for the front yard irrigation system and a one inch water supply to the irrigation system for the vacant lots to the north. This building has its own 200 amp service, 230 volt welder-outlets, dozens of 115v outlets throughout including loft, natural gas available the full length of the building, and a functional fire detection system. Facing south is a new, insulated, commercial 12 foot wide x 12 foot 9 inch high roll up door with remote, key and wall controls. This door and bay will accommodate the largest of RV’s or a full length semi-tractor trailer rig. There is a wash-pit with grate for washing vehicles. All rooms have lighting circuits controlled by 4-way switches so you can enter or exit any door in the building and control the lights as you go. There is a newly installed triple wall stainless steel chimney to accommodate a wood burning stove in the main shop. One of the east rooms has been temporarily converted into a commercial "research kitchen". This room has added 230v & 115v circuits and natural gas available. All such kitchen equipment has been installed to be easily removed. There is an 8000 pound capacity, air over hydraulic vehicle hoist in excellent condition and ready to use with the addition of a medium duty shop air compressor.
"D" 560 SQUARE FOOT DETACHED GARAGE/STORAGE: Wood frame building 20’wide and 28’deep with two articulated garage doors. This garage/storage building is separated by a driveway from the main house. Equipped with lights and outlets but no insulation or heat source. There is natural-gas, sewer and an electric power pole within a few feet of this building. Could be easily converted to storage units for additional rental income.
8000+ SQUARE FOOT OF DRIVEWAYS & PARKING: In 2001 we built a (locally mined) washed-river-rock driveway connecting the alley to street on the north side of the buildings. With existing concrete driveways and parking there are now approximately 8000 square feet of all-weather drives & parking, etc.
APPROXIMATELY ONE ACRE OF VACANT "BUILDING LOTS": Zoned for Multi-Family use the five (5) vacant lots would accommodate two or three single family residences, or various "plex" arrangements up to a multiple unit apartment complex. The neighborhood is perfect for an extended-care use. There is a large irrigation line installed to these lots originating at the metal building.
THREE MATURE TREES: There are three mature trees on the main property to provide shade and landscape detail. One is a Chestnut located on the east side between the detached garage and apartment driveway, one is a Hackberry on the southeast corner of the property and the third is a Pin Oak on the south side of the property near the buildings.
PERSONAL ITEMS: I am negotiable on what stays and what doesn’t. I was careful to design many of the amenities to be temporary and/or easily removable so if you see something you want to remain with the property please mention it in your offer. There is a separate, room-by-room description of what is included in the asking price.
ESTIMATE REPLACEMENT COST 2003: "Square-Foot Values" are a composite obtained from local building contractors, certified appraisers, local realtors and local comparables:
Main Level 1472'@ $79.90=$117,612.00
Apartment 1472'@ $30.47=$44,853.00
Attch. Garage 864'@ $21.78=$18,815.00
Attch. 50'x60'@ 3000' $45.00=$135,000.00
Detached Bldg. 560'@ $15.00=$8,400.00
8 City Lots-1/2 Block @ $7000=$56,000.00
TOTAL ESTIMATED REPLACEMENT COST: $380,740.00
OWNER’S ASKING PRICE: Is an averaging of estimates by local real estate agents and local comparables
