Catylist ID: #30643674
Unique Investment Opportunity - Bar/Tavern + 2 Multifamily Units
Retail-Commercial for Sale
|Catylist Listing ID:||30643674|
|Property Subtypes:||Mixed Use, Tavern/Bar/Nightclub, Other|
|Building Size (RSF):||1,486 SF|
|Gross Building Area:||2,972 SF|
|Gross Land Area:||7,100 SF|
|Unit Price:||$370.12 PSF|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment, Business|
|Sale Terms:||Cash to Seller|
Overview / Comments
Don't miss your chance to own a piece of Lincoln's history!
Sale includes Commercial Building(Business included), and two Multifamily Units located on the property.
The Bar/Tavern, built in 1950, was reroofed in 2009. Both Multifamily Units have vinyl siding(2009) and new composite shingles(2018).
Potential additional income opportunity if you convert the unfinished UNIT B(400 sqft) into a coin operated laundry facility for both Multifamily Units to utilize.
There are 7(1 Bedroom) total rental units between the two Multifamily Buildings. Three units are currently leased until 12/31/20($375/month, $550/month,$630/month). The other two vacant efficiency units(400 sqft) could easily be rented with minimal improvement/investment. There are currently two unfinished units(UNIT B & UNIT 200).
The Bar/Tavern area is currently vacant but could easily be leased.
The BikeLNK Hub located on the corner of the property is one of the busiest locations in the city. Analytics for BikeLNK can be provided upon request.
Two occupied units(UNIT A, UNIT 218) will not be available for in person tours however video walk-throughs are available upon request.
The other occupied UNIT 220 is available for in person touring with 24 hour notice.
Properties cannot be divided and sold separately.
Please follow current guidelines for all showings during COVID-19 using face masks, hand sanitizer and do not enter if you or someone you know has symptoms of COVID-19.
Property to be sold as-is. Any COC violations are sole responsibility of the buyer. Unfinished units will need to be finished by the buyer according to COC standards for final approval. Sale not contingent on the COC final approval.
Attachments & Media
|Retail Clientele:||General, Business, Traveler, Tourist, Other|
|Largest Nearby Street:||M St|
|Feet of Frontage:||50|
|Total Number of Buildings:||3|
|Number of Stories:||2|
|Exterior Description:||Brick Veneer Exterior-Bar 1312 sqft patio space|
|Total Parking Spaces:||3|
|Parking Description:||Plenty of off street and paid parking located within walking distance from bar.|
|Heat Type:||Electricity, Natural Gas, Other|
|Heat Source:||Baseboard, Central|
|Air Conditioning:||Window Unit, Other|
|Interior Description:||Main level bar, Lower level bar and ample patio space.|
|Zoning Description:||B-4 Lincoln Center Business District|
|Legal Description:||LAVENDERS ADDITION, BLOCK 19, Lot 6, LLCN|
|Proximity:||1 mile||3 miles||5 miles|
Bri BuserNebraska Realty MRCIE Member
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