Hupmobile Building Home / Hupmobile Building

2523 Farnam Street, Omaha, NE 68131 

  • CLIENT Owner/User-Developer
  • LOCATION Between Midtown and Downtown Omaha


  • Tax Increment Financing (TIF)
  • Low key, whisper marketing campaign
  • Historic Tax Credits (HTC’s) attached to the property


  • Sold in December 2016
  • Ideal owner user and developer building
  • Great up and coming area, next to two new hotel developments
  • Buyer and Seller are very happy with the outcome


  • Worked the project through the long and complicated TIF process
  • Sold essentially off market for top dollar
  • Great improvement for the neighborhood


Scott was hired by the Seller to sell the Historic Hupmobile Building in the up and coming 24th and Farnam area. The seller, was and is still emotionally attached to the property and set two guidelines for the sale; 1) The seller wanted to keep it off the market and only market it to real buyers and avoid tire kickers. 2) The seller preferred that we find a buyer that would restore the building. We met both of these guidelines, and managed to get the seller a record price on a shell building. We found an ideal buyer that is going to finish the sellers plans to put a handful of apartments upstairs, and their office space on the main. The deal was complicated, it involved Historic Tax Credits (HTC’s), both State and Federal, and the deal was contingent upon Tax Increment Financing (TIF) form the City of Omaha. We were under contract for over a year while we worked through the deal. In the end, the buyers got a great project to add to their holdings in the area, and the seller received everything they wanted and the building will remain a part of history and get restored.