Downtown retail space - leased and occupied by long term business

Retail-Commercial for Sale
Catylist Listing ID: 30468503
Property Subtypes: Street Retail
Condo? Yes
Building Size (RSF): 1,044 SF
Gross Building Area: See Agent
Sale Price: $150,000
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: CenterStone Condominiums
Sale Terms: Cash to Seller
Cap Rate: 8.2%
Last Updated: 9/5/2019

Overview / Comments

This was previously listed as two condo units, one is under contract. Street level condominium units occupied long term by business. Listing price is for Unit 100 only. Includes additional basement storage space. Condo dues are currently $393.15 per month. HOA dues include common utilities, building insurance, exterior maintenance, snow, etc, tenants pay metered electric. Barber shop and salon has been in this location for over 30 years. Do not go direct, contact agent first.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $3,752 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 10-23-432-004-002
Is Condo?: Yes
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: O Street
Tenancy: Multiple Tenants
Number of Stories: 12
Property Condition: Good
Year Renovated: 1985
Roof Type: Flat
Construction/Siding: Stone
Parking Description: Public
Passenger Elevators: 2
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Condo
Legal Description: Condominium Unit 100, CenterStone Condominium regime, Lincoln, Lancaster County, NE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,565 120,619 236,323
Median Age: 26.61 30.92 34.06
Households: 8,726 48,642 95,431

Contact

Photograph of Listing Agent

James E Arter

The Arter Group MRCIE Member
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