Commercial Opportunity at 14th & Pine Lake Rd

Retail-Commercial for Sale
Catylist Listing ID: 30390359
Property Subtypes: Day Care Facility, Free-Standing Building, Retail-Pad, Other
Building Size (RSF): 1,626 SF
Gross Building Area: See Agent
Gross Land Area: 1.07 Acres
Sale Price: $365,000
Unit Price: $224.48 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/15/2019

Overview / Comments

Contract pending with contingent offer - call agent for details.

This is an opportunity to purchase a highly-visible commercial property in the rapidly developing 14th & Pine Lake Streets area.

Backing up to Lincoln Southwest High School and opposite the Costco complex, the property includes a 3-bedroom, 2.5-bath brick ranch home with an attached double stall garage. The home is in excellent condition with new water heater, roof, HVAC, and well pump. There are two exterior buildings as well. This provides some rental income potential while working through commercial redevelopment plans.

See details about the house see attached residential MLS report or go to https://s.paragonrels.com/goto/GYN6M

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: Lancaster County
Tax ID/APN: 09-23-200-002-000
Zoning: AG - AGRICULTURAL DISTRICT
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Pine Lake Road
Feet of Frontage: 181
Traffic/Vehicle Count: 22,680
Highway Access: US 77 – 2.2 miles; Nebr Hwy 2 – 2.2 miles; I-80 – 7 miles
Airports: Lincoln Municipal Airport (LNK) – 10 miles
Area Description: This is a developing commercial area. It includes a high school, Costco, and a mix of restaurants, office, and industrial businesses.
Total Parking Spaces: 10
Zoning Description: Current zoning is AG (Agricultural District). The City of Lincoln will consider changing zoning for some commercial uses.
Lot Frontage: 259
Lot Depth: 181
Water Service: Well
Sewer Type: Septic
Legal Description: S23, T9, R6, 6th Principal Meridian, LOT 64 NE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,064 55,988 145,546
Median Age: 34.26 37 37.21
Households: 2,687 22,307 60,443

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