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104 N 20Th St Lincoln, NE 68503

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For Sale
$599,000

Commercial building with a long-standing bar business in Lincoln.

Property size:
3,470 SF

Property Features for 104 N 20Th St

General Information

Size
3,470 SF

Building Details

Year built
1910

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Listing Contact
Boomer Peterson
Boomer Peterson
Source: Lee-associates

Listing Agent: Boomer Peterson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Established Bar Business Opportunity

This well-maintained 3,470 SF commercial building is home to Gray’s Keg Saloon, a long-standing and successful bar business known throughout Lincoln. The property has had a functioning bar as a tenant for over 60 years. The building features a functional bar and entertainment layout, with street-facing windows and a pylon sign providing visibility to passing traffic on O Street. The tenant space includes an open seating area, performance stage, and bar/gaming area. The property sits on a visible lot with convenient customer access and on-street parking. Located on the east side of downtown Lincoln, 104 N 20th Street offers visibility and accessibility along O Street. The property benefits from vehicle and pedestrian traffic, proximity to the University of Nebraska–Lincoln, and access to major thoroughfares connecting the downtown district to surrounding neighborhoods. The area continues to experience growth and revitalization, supported by a mix of local businesses, entertainment venues, and residential developments. The tenant, Gray’s Keg Saloon, has a gross modified lease through October 31, 2026, with a current rent of $4,250 per month. The building’s structure and layout offer flexibility for future owners or tenants seeking to capitalize on Lincoln’s thriving downtown entertainment scene.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Gray’s Keg Bar & Pub

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Spikes Beach Bar & Grille

Location Insight

  • Map
  • Local Demand
City
Lincoln
County
Lancaster
State
Nebraska
Longitude
-96.6921401
Latitude
40.8139409

FAQs

What type of property is this?
Bar - Commercial building with a long-standing bar business in Lincoln.
Where is this bar located?
The property is located at 104 N 20Th St Lincoln, NE.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: - Stable, income-producing property with long-term tenant, Gray's Keg Saloon, in place through October 2026, generating $4,250 per month.; - Prime O Street frontage in downtown Lincoln offers high visibility and accessibility.; - Adaptable 3,470 SF commercial space with a functional bar and entertainment layout.
More about this property
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