Office Building on the O Street corridor

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30502123
Property Subtypes: Business Park, Office Building
Status: Pending/Contingent
Building Size (RSF): 5,080 SF
Gross Land Area: 6,342 SF
Sale Price: $559,000
Unit Price: $110.04 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User, Business
Class of Space: Class B
Usable Size (USF): 4,920 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 3/1/2021

Overview / Comments

Opportunity for small companies to purchase, located in a business park in growing East Lincoln. 5080 SF Two-story building with 2540 SF being vacated by an insurance firm. One building partner, a CPA with 2380 SF in the lower level, may be willing to stay as a tenant. Originally designed as a condo regime, it is possible to subdivide into three units, and this is the way the property taxes are currently assessed.


Finance Data Year 2019
Real Estate Taxes - Annual($) $4,920 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: Lancaster County
Tax ID/APN: Ask Realtor
Zoning: B2
Property Located Between: Parker's Smokehouse and Cherry HIll Office Building
Property Visibility: Fair
Highway Access: O Street/Hwy 34
Area Description: Near the Realtors Association building
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1985
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Approximately 4 stalls for every 1000 sq. ft.
Total Parking Spaces: 20
Heat Type: Natural Gas
Heat Source: Central
Interior Description: Utilities are approximately 93 cents/sq. ft. and taxes are approximately $1.95/sq. ft.
Easements: Electric Lines
Easements Description: Easement for roads and water. Describes allocation of maintenance.
Legal Description: Several - ask agent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,215 77,070 184,666
Median Age: 38.68 38.43 35.61
Households: 3,300 33,599 76,702
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