The Historic Rococo Theatre and Barrymores Backstage Bar
Special Purpose
for Sale
Also listed as Business Opportunity
| Catylist Listing ID: |
30138575 |
| Property Subtypes: |
Sports/Entertainment
|
| Condo? |
Yes |
| Building Size (RSF): |
40,000 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$5,900,000 |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/23/2020 |
Overview / Comments
UNIQUE INVESTMENT OPPORTUNITY! The ideal opportunity for someone who has experience running an every day entertainment venue. The Theatre has been a landmark in Lincoln for over 75 years. In 2001, millions of dollars were invested into the Theatre to return it to its original splendor as it re-opened as the Rococo Theatre. The original Italian Romanesque architecture was completely restored. The Theatre added all new state-of-the-art audio and visual equipment, Vegas-style booths and tables, and full bars on all three levels. It is truly a one-of-a-kind entertainment venue. The Theatre can accommodate over 1,200 people and there is a full kitchen located in the basement. This is a tremendous opportunity for someone who has the expertise to run a theatre all year round. The Theatre can and has showcased live concerts, comedians, and holiday shows and is the perfect venue for private events, parties, weddings, receptions, meetings, seminars, and fund raisers. The owners will entertain offers that may include other assets. It is also available for lease at $25,000/month NNN.
The Rococo Theatre is located in the heart of downtown Lincoln, Nebraska (population 275,000) on the corner of N. 13th Street & P Street. It is located just seconds away from the University of Nebraska Campus (Enrollment 25,000). The Theatre was originally built in 1929 and was fully restored to its original splendor in 2001. It is a one-of-a-kind entertainment venue in the center of a growing city that is home to both the University of Nebraska and the State Capitol.
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Additional Details
| Nearest MSA: |
Lincoln |
| County: |
Lancaster |
| Tax ID/APN: |
10-23-433-003-086 |
| Zoning: |
B4 |
| Property Visibility: |
Excellent |
| Airports: |
2 miles |
| Site Description: |
13th and P street |
| Area Description: |
In the center of downtown Lincoln, 2 blocks off UNL campus. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
5 |
| Property Condition: |
Excellent |
| Year Renovated: |
2001 |
| Construction/Siding: |
Granite |
| Freight Elevators: |
1 |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
26,881 |
120,619 |
236,323 |
| Median Age: |
26.82 |
30.92 |
34.06 |
| Households: |
9,796 |
48,642 |
95,431 |
|
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