2100 N 48

Retail-Commercial for Sale
Catylist Listing ID: 30366612
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 1,797 SF
Gross Building Area: See Agent
Gross Land Area: 0.33 Acres
Sale Price: $335,000
Unit Price: $186.42 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2019

Overview / Comments

This is an awesome opportunity to own a restaurant or retail location on the south edge of the University Place business district and adjacent to University Place Park with close proximity to University of Nebraska East Campus and Nebraska Wesleyan.

This building was last used as a fast-casual restaurant and includes a large walk-in cooler and two hood fans. Large surface parking area with access to both 48th and Garland Streets. Pole sign. Could be easily converted to a coffee shop, retail, or other use.

Dining room with quarry tile floor and counter area. Kitchen with quarry tile floor, two hood fans, cooking area, prep area and walk-in cooler. Full, unfinished basement.

Located in a designated blighted area, this property may be eligible for TIF financing.

Please call John Grady (402) 450-5826 or Julia Yank (402) 450-2652 for more information or to set up a showing.

Attachments & Media

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: Lancaster County
Tax ID/APN: 17-17-407-004-000
Zoning: B3 - COMMERCIAL DISTRICT
Retail Clientele: General, Family, Business
Property Located Between: 1 block south of Leighton St.
Property Visibility: Excellent
Largest Nearby Street: Leighton
Feet of Frontage: 865
Traffic/Vehicle Count: 25,270
Highway Access: I-80 – 4.5 miles US 6 - 1.5 mi (Cornhusker Hwy)
Airports: Lincoln Municipal Airport (LNK) – 6.5 miles
Area Description: This is at the south edge of the University Place business district. Just north of this property, the University Shopping Center is under going a major redevelopment that will bring a combination of new retail and office space to the area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,797 SF
Year Built: 1969
Roof Type: Gambrel
Construction/Siding: Wood Siding
Total Parking Spaces: 39
Parking Type: Surface
Parking Description: Large, surface lot with access to North 48th and Garland.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B3 - Commercial District
In Flood Plain?: Yes
Lot Frontage: 86.5
Lot Depth: 166.5
Water Service: Municipal
Sewer Type: Municipal
Legal Description: UNIVERSITY PLACE, BLOCK 130, Lot 7 - 9, S57' & N1/2 VAC ST ADJ

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,510 123,414 204,858
Median Age: 31.23 32.91 34.06
Households: 8,004 50,975 84,156

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