1622 O Street

Retail-Commercial for Sale
Catylist Listing ID: 30352174
Property Subtypes: Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,300 SF
Gross Land Area: 0.08 Acres
Sale Price: $160,000
Unit Price: $48.48 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 3,300 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 11/26/2018

Overview / Comments

O Street frontage retail building for sale at a very reasonable price. 3,300 SF on main floor that is currently rented on a month-to-month lease. Has an additional 3,300 SF of unfinished 2nd floor space which could be living or office space. Only blocks away from UNL and directly on O Street in the heart of downtown Lincoln.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 10-24-324-013-000
Zoning: B-4
Retail Clientele: General, Business
Property Located Between: Located on the north side of O Street between 16th and 17th Street.
Property Visibility: Excellent
Largest Nearby Street: O Street
Feet of Frontage: 25
Traffic/Vehicle Count: 18,560
Highway Access: 4 miles to interstate: I-80 and US 77
Airports: 5 miles to Lincoln Municipal Airport
Area Description: On "O" Street in the heart of downtown Lincoln
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,300 SF
Property Condition: Average
Year Built: 1910
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick exterior
Total Parking Spaces: 2
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: The main floor is 3,300 SF that is currently rented on a month-to-month lease. The 2nd floor 1,275 SF that is unfinished and could be office or living space.
Zoning Description: B-4
Lot Frontage: 25
Lot Depth: 132
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COUNTY CLERKS SUBDIVISION (OF LOT 65 LITTLES SUB 24-10-6), Lot 13

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,836 120,619 234,624
Median Age: 26.65 30.92 34.1
Households: 10,138 48,642 94,840


Photograph of Listing Agent

Josh A Neill

PrimeSites MRCIE Member
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