1309 "O" Street

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30278814
Property Subtypes: Restaurant, Street Retail
Status: Pending
Building Size (RSF): 3,550 SF
Gross Land Area: 3,550 SF
Sale Price: $600,000
Unit Price: $169.01 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 3,550 SF
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 100
Last Updated: 1/11/2019

Overview / Comments

3,550 SF street-level retail space divided into 2 bays opening onto "O" Street in downtown Lincoln's business core. Sultan's Kite restaurant occupies east side; current vacancy on west side. Rents average $39,000/annually. Listed building square footage does not account for unfinished 2nd floor space, which could add additional office or living space. Broker has ownership interest.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1026205005000
Zoning: B-4
Property Located Between: On "O" Street between 13th & 14th
Property Visibility: Excellent
Largest Nearby Street: "O" Street
Feet of Frontage: 25
Traffic/Vehicle Count: 18,560
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,550 SF
Property Condition: Fair
Year Built: 1910
Roof Type: Flat
Construction/Siding: Aluminum Siding
Sprinklers: None
Lot Frontage: 25
Lot Depth: 142
Legal Description: Lincoln Original, Block 58, Lot 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,881 121,744 232,969
Median Age: 26.82 30.96 34.18
Households: 9,796 48,642 94,116


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