The Historic Rococo Theatre and Barrymores Backstage Bar

Special Purpose for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30138575
Property Subtypes: Sports/Entertainment
Condo? Yes
Building Size (RSF): 40,000 SF
Gross Building Area: See Agent
Sale Price: $5,900,000
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2017

Overview / Comments

UNIQUE INVESTMENT OPPORTUNITY! The ideal opportunity for someone who has experience running an every day entertainment venue. The Theatre has been a landmark in Lincoln for over 75 years. In 2001, millions of dollars were invested into the Theatre to return it to its original splendor as it re-opened as the Rococo Theatre. The original Italian Romanesque architecture was completely restored. The Theatre added all new state-of-the-art audio and visual equipment, Vegas-style booths and tables, and full bars on all three levels. It is truly a one-of-a-kind entertainment venue. The Theatre can accommodate over 1,200 people and there is a full kitchen located in the basement. This is a tremendous opportunity for someone who has the expertise to run a theatre all year round. The Theatre can and has showcased live concerts, comedians, and holiday shows and is the perfect venue for private events, parties, weddings, receptions, meetings, seminars, and fund raisers. The owners will entertain offers that may include other assets. It is also available for lease at $25,000/month NNN.

The Rococo Theatre is located in the heart of downtown Lincoln, Nebraska (population 275,000) on the corner of N. 13th Street & P Street. It is located just seconds away from the University of Nebraska Campus (Enrollment 25,000). The Theatre was originally built in 1929 and was fully restored to its original splendor in 2001. It is a one-of-a-kind entertainment venue in the center of a growing city that is home to both the University of Nebraska and the State Capitol.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 10-23-433-003-086
Zoning: B4
Property Visibility: Excellent
Airports: 2 miles
Site Description: 13th and P street
Area Description: In the center of downtown Lincoln, 2 blocks off UNL campus.
Total Number of Buildings: 1
Number of Stories: 5
Property Condition: Excellent
Year Renovated: 2001
Construction/Siding: Granite
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,881 120,619 236,323
Median Age: 26.82 30.92 34.06
Households: 9,796 48,642 95,431

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