Gates Building

Industrial for Sale
Sale Pending
Catylist Listing ID: 30779826
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Warehouse/Distribution, Other
Status: Pending
Building Size (RSF): 5,100 SF
Gross Building Area: 5 SF
Gross Land Area: 33,961 SF
Sale Price: $550,000
Unit Price: $107.84 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Gates Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

Unique opportunity to purchase a building and additional lots (plus a SFR) on South 27th Street. Property is located just south of Randolph Street with approximately 100 feet of South 27th Street frontage. Property consists of a commercial building with 5,100 Sq Ft including 400 sq ft office, and the balance as a shop warehouse, building was an Automotive repair shop in the past and has two pits in the building. To the rear are three additional lots one of which has a Single Family, 2 Story Home, with about 1,464 Sq Ft and a separate garage of 864 Sq Ft. Commercail Building is zoned B-3 and the other lots are zoned R-2.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: Lancaster County Nebraska
Tax ID/APN: 17-30-300-064-000 and 17-30-300-063-000 and 17-30-300-001-000 and 17-30-300-061-000
Zoning: B-3 AND R-2
Property Located Between: Randoph Street, F Street and S 27th Street.
Airports: Lincoln
Site Description: Flat
Area Description: Property has S 27th Street frontage with commercial buildings along this area of S 27th Street, with residential properties to the east.
Tenancy: Single Tenant
Total Number of Buildings: 2
Property Condition: Fair
Year Built: 1926
Roof Type: Other
Parking Type: Surface
Parking Description: Parking on the side, front and rear of the building
Interior Description: Office of about 400 Sq Ft and Shop/Warehouse of 4,700 Sq Ft
Zoning Description: Commercial Building Zoned B-3 and the SFR Zoned R-2
In Flood Plain?: Yes
Lot Frontage: 100
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Catlins (M A) Subdivision, Lot 2-3, W15' & Lots 6-7 Ex WPT for St Condemned in Instrument #2978-27586 Catlins (M A) Subdivision, Lot 4-5 Catlins (M A) Subdivision, Lot 2-3, E 116' Catlins (M A) Subdivision, Lot 1, & Elm Place Lot 3 S 30'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 29,264 137,747 244,422
Median Age: 30.22 33.16 34.59
Households: 12,024 56,748 98,449

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