Old Cheney & 62nd Redevelopment

Vacant Land for Sale
Catylist Listing ID: 30280473
Property Subtypes: Office, Retail
Gross Land Area: 2.89 Acres
Sale Price: $2,300,000
Unit Price: $795,847 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/1/2018

Overview / Comments

Located on the southwest corner of Old Cheney & 62nd near Nebraska Highway 2, this prime redevelopment opportunity consists of 2.89 acres of land designated as commercial use in the Lincoln-Lancaster County 2040 Comprehensive Plan. Abutting O-3 Zoning allows for offices, hotels and apartments; restaurants are permitted special use. Excellent visibility and 400' of frontage on Old Cheney, with 15,748 vehicles per day. Full turn access onto Old Cheney from 62nd Street. Near Edgewood Shopping Center, Apples Way Shopping Center and Lincoln Trade Center, with nearby retailers including Target, Lowe's, McDonald's and CVS along with dozens more. Perfect site for large single-user, or multiple office/restaurant pad site development. Note: Site includes residence and outbuildings - to be sold as-is. Lancaster County Assessor lists property address as 6101 Old Cheney Road; 6111 Old Cheney Road is proper address.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1616101001000
Zoning: AG/R-1 CURRENTLY; COMMERCIAL DESIGNATION ON COMP PLAN
Property Located Between: Old Cheney Road, between Nebraska Highway 2 & 62nd Street
Property Visibility: Excellent
Legal Description: FRONTIER ACRES, BLOCK 1, Lot 1, EX E & N PT FOR RD (#01-21192)
Largest Nearby Street: Old Cheney, Nebraska Highway 2
Feet of Frontage: 400
Traffic/Vehicle Count: 15,748
Highway Access: Approximately 800' from Nebraska Highway 2
Airports: Lincoln Municipal Airport
Site Description: 2.89 acres of land designated as commercial use in the Lincoln-Lancaster County 2040 Comprehensive Plan. Excellent visibility and 400' of frontage on Old Cheney, with 15,748 vehicles per day. Full turn access onto Old Cheney from 62nd Street. House and outbuildings on the site.
Area Description: Near Edgewood Shopping Center, Apples Way Shopping Center and Lincoln Trade Center, with nearby retailers including Target, Lowe's, McDonald's and CVS along with dozens more
Lot Frontage: Approx. 400'
Lot Depth: Approx. 300'
Zoning Description: Currently split AG/R-1, designated commercial on 2040 Comprehensive Plan. O-3 zoning is abutting,
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,030 90,837 166,939
Median Age: 41.29 39.21 35.94
Households: 3,150 37,129 67,964

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