1331 South 33rd Street

Multi-Family for Sale
1331 South 33rd Street
Catylist Listing ID: 30166116
Property Subtypes: Mixed Use
Number of Units: 6 Units
Building Size (RSF): 8,400 SF
Gross Building Area: See Agent
Sale Price: $695,000
Unit Price: $115,833.33 Per Unit
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: 8.0%
Last Updated: 5/20/2018

Overview / Comments

Unique opportunity to own a well built, well maintained mixed-use structure in the heart of Lincoln, near the Lincoln Children’s Zoo, Antelope Park, Jim Ager Jr. Golf Course and many services. This property would be ideal for an owner user who would see the benefit of professional office, service or retail space on the first floor, with income apartments on the 2nd floor.

The first floor is 4,200 SF and is presently being used by the owner as a dental laboratory. The second floor is 4,200 SF and consists of six one bedroom apartments, three of which are presently occupied and used by the owner as administrative offices and equipment overflow. The remaining three apartments are occupied by residential tenants. The property includes two lots, and approximately 30 parking spaces.

Possession of the Property may be delivered to Buyer on the date of purchase execution, or Final Completion of construction of Tenant’s new building. Provided however, at Seller’s sole direction, Agent shall include the assignment of all lease agreements related to the Listing with owner as a necessary condition to the sale of the Listing. Seller anticipates the owner’s new building will be complete by September 1st, 2018.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1730328027
Number of Stories: 2
Total Parking Spaces: 30

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,832 141,626 239,036
Median Age: 34.49 33.64 34.75
Households: 9,023 58,578 97,070

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