Telegraph District Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30554521
Property Subtypes: Mixed Use, Tavern/Bar/Nightclub, Other
Building Size (RSF): 4,615 SF
Gross Building Area: See Agent
Sale Price: $595,000
Unit Price: $128.93 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Panic Bar & 2 Multi Plexes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/19/2020

Overview / Comments

This property is packed with potential for the investment buyer! – This packaged property includes a spacious commercial property that is currently operated as a two level bar/lounge with a spectacular outdoor patio/seating area. All non-leased fixtures are included in the current listing price or can be negotiated separately. Then also included is two separate multi-family buildings that have 7 total rental units. This is an opportunity as this property is within blocks of the up and coming Telegraph District, currently is surrounded by craft breweries, art galleries and on the recently constructed bike lane/path. The property could remain a bar or has the potential for café/restaurant, coffee shop, art gallery, bike shop etc Call to make an appointment to see!

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $6,871 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1025110008000
Zoning: B-4
Retail Clientele: Business, Other
Property Located Between: Antelope Creek Parkway & O St
Property Visibility: Good
Largest Nearby Street: O Street
Airports: Lincoln Municipal
Area Description: Telegraph District Perimeter Buildings
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Year Built: 1930
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Bar - 2 levels and outdoor patio - (2) Multi-family buildings and potential office
Total Parking Spaces: 3
Parking Type: Surface
Parking Description: Offstreet parking available
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Baseboard, Central
Air Conditioning: Window Unit
Interior Description: Bar has 2 levels, and multiplex apartment in the two buildings. 2 apartments units are remodeled. 2 units in process of remodeling. 3 units available for remodeling.
Zoning Description: B-4
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LAVENDERS ADDITION, BLOCK 19, Lot 6

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,724 127,967 229,813
Median Age: 27.06 31.31 34.28
Households: 12,191 51,581 93,087

Contact

Photograph of Listing Agent

Susan Kirkpatrick

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