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Downtown Parking Lot For Sale
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1216 K St, Lincoln, NE 68508

0.88-acre parking lot with 78 stalls in Downtown Lincoln.

Property SizeContact for details
Lot Size0.88 Acres
Days on Market150

Property Features for 1216 K St

General Information

Standard status Active
Lot size 0.88 Acres
Property subtype Land
Zoning B-4
Listing Agency: Line Partners
Listed By: Chris Vasek · License #NE20140037
Source: Crexi
Added: Mar 16 Changed: Aug 8 Last Checked: Aug 11 at 10:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Line Partners

Investment Insights

Based on property information with market context.

This 0.88-acre parking lot is located between 12th and 13th Streets on K Street in Downtown Lincoln. The property features 78 parking stalls and offers immediate parking income potential. It is situated in the downtown business district, near the State Capital, Cornhusker Hotel, and the new Convention Center. The adjacent Centre Terrace office building, comprising 38,209 square feet, is not included in the offering price but is available for separate purchase. Acquiring both properties presents an opportunity for an owner-user or investor to combine the parking lot with the existing office asset. The building features efficient floor plates, scenic downtown Lincoln views, private outdoor terraces, and on-site parking.

Key Highlights

  • High‑demand downtown location near State Capital, Cornhusker Hotel, and Convention Center.
  • Immediate parking income potential with 78 stalls.
  • 0.88‑acre parking lot in a prime business district.

Property Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick Skin Care Clinic Nail Salon HVAC Service Spa & Massage Center (Bike/Boat/Book/etc) Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,335
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 40% Shops & Services 38% Dining 21%
Holiday Inn Express Hotels & Casinos
3,520 visits/mo 0.4 miles
O'Reilly Auto Parts Shops & Services
3,312 visits/mo 0.5 miles
Davinci's Dining
1,867 visits/mo 0.4 miles

Demographics for 68508, NE

17,249
Population
7,076
Households
2.4
Avg Household Size
24
Median Age
35%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
5,750
Density / Sq Mi
$33,561
Median Household Income
$10,349
Median Earnings
$760
Median Rent
$121,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Parking lot & garage - 0.88-acre parking lot with 78 stalls in Downtown Lincoln.
Where is this parking lot & garage located?
The property is located at 1216 K St Lincoln, NE.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: High‑demand downtown location near State Capital, Cornhusker Hotel, and Convention Center.; Immediate parking income potential with 78 stalls.; 0.88‑acre parking lot in a prime business district.
(402) 441-5800 Call to check price and availability
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