This expansive commercial property, formerly an assisted living facility, offers over 30,000 square feet of versatile space with endless potential. The layout and infrastructure make it an ideal candidate for redevelopment into apartments, a hotel, or office suites. With its size and flexible design, the property presents a rare chance for investors and developers to reimagine the space to meet today’s market demands. Whether you’re seeking a multi-family conversion, hospitality venture, or commercial office project, this building is a blank canvas ready to deliver strong returns. A true opportunity for visionaries looking to capitalize on a property with scale, adaptability, and prime potential.
For sale
$350,000
702 Cedar Ave, Laurel, NE 68745
27beds
35baths
30sqft
Apartment
Built in 1978
-- sqft lot
$-- Zestimate®
$11,667/sqft
$-- HOA
What's special
- 354 days
- 223
- 18
Zillow last checked:
Listing updated:
Listed by:
Tami White,
Berkshire Hathaway Home Services Amb Re Norfolk
Source: Norfolk BOR,MLS#: 250670
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 27
- Bathrooms: 35
Rooms
- Room types: Comn Util Room
Heating
- Common Heat
Cooling
- Individual Air, Comn Air Cond
Appliances
- Included: None, Common Wtr Htr, Common Water Sftnr
Features
- Flooring: Carpet
- Windows: Drapes
- Has basement: No
Interior area
- Total structure area: 30
- Total interior livable area: 30 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Other
- Garage spaces: 3
Features
- Levels: One
- Exterior features: Comn Outsid Ent
Lot
- Size: 2.57 Acres
Details
- Parcel number: 0006924
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Apartment
Materials
- Brick
- Roof: Fiberglass
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: One Meter, Separate Meters
Community & HOA
Community
- Security: Fire Sprinkler System, Fire Alarm
Location
- Region: Laurel
Financial & listing details
- Price per square foot: $11,667/sqft
- Price range: $350K - $350K
- Date on market: 9/15/2025
- Cumulative days on market: 355 days
- Tenant pays: None
Estimated market value
Not available
Estimated sales range
Not available
$950/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Price change | $350,000-36.4%$11,667/sqft |
Source: Norfolk BOR #250670 Report a problem | ||
| 3/31/2026 | Price change | $550,000-8.3%$18,333/sqft |
Source: Norfolk BOR #250670 Report a problem | ||
| 9/15/2025 | Listed for sale | $600,000$20,000/sqft |
Source: Norfolk BOR #250670 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
