Redevelopment Opportunity on Cornhusker Hwy

Hospitality for Sale
Also listed as Industrial, Retail-Commercial
Catylist Listing ID: 30762684
Property Subtypes: Extended Stay, Inn, Motel
Number of Units: 24 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 72,310 SF
Sale Price: $770,000
Unit Price: $32,083.33 Per Unit
Property Use Type: Investment, Business
Name of Establishment: Deluxe Inn
Sale Terms: Undisclosed
Last Updated: 5/19/2022

Overview / Comments

Price Reduced! - The seller is becoming more motivated and is willing to negotiate on price with serious buyers!

5200 Cornhusker Hwy is a flat 1.66-acre lot located off of highly-trafficked Cornhusker Hwy. Two curb cuts and a designated left-turn lane give the property excellent accessibility. There are adjacent parcels available for sale as well. The buyer has the opportunity to own and operate the current motel or redevelop the property for another use. H3- Highway Commercial District zoning allows for tons of flexibility including educational, office, retail, light and heavy industrial, storage, and commercial uses.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 17-08-200-009-000
Zoning: H3 - HIGHWAY COMMERCIAL DISTRICT
Property Visibility: Excellent
Largest Nearby Street: Cornhusker Hwy (Hwy 6)
Feet of Frontage: 270
Traffic/Vehicle Count: 12,860
Highway Access: On Hwy 6
Site Description: This is a flat 1.66-acre lot located on highly-trafficked Cornhusker Hwy. The designated left turn lane gives the property excellent accessibility. H3- Highway Commercial District zoning allows for tons of flexibility from retail to industrial.
Total Parking Spaces: 40
Zoning Description: H3- Highway Commercial District zoning allows for tons of flexibility including educational, office, retail, light and heavy industrial, storage, and commercial uses.
Lot Frontage: 270
Lot Depth: 268
Water Service: Municipal
Legal Description: S8, T10, R7, 6TH PRINCIPAL MERIDIAN, LOT 232 NE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,913 79,545 172,762
Median Age: 35.92 31.1 32.92
Households: 4,081 30,829 70,572

Contact

Photograph of Listing Agent

Nick Wilkinson

PRISM MRCIE Member
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