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: $690,000
Unit Price: $149.51 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: 1/8/2020

Overview / Comments

Amazing opportunity awaits for an investor with vision. This property has many income producing possibilities. Maybe a seven unit Airbnb, cafe/coffee shop, bar, craft brewery. This is two blocks away from the center of the Telegraph District. Neighborhood is know as Downtown Perimeter.
Neighbors are an art gallery, breweries, axe throwing, and other professional businesses.
The bar is a current, profitable business with an outdoor enclosed patio. Also on the property are two multiplexes.
The listing includes the business, the fixtures that are non-leased, and the physical properties including the two level bar, and the two multiplexes.
Bar - 1486 square feet; building one - 1401 square feet; building two - 1728 square feet. Bar was built in 1950, residence buildings built in 1930.

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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