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Downtown Multi-Tenant Office Building
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1225 L Street, Lincoln, NE 68508

Multi-tenant office building with efficient floor plates, private outdoor terraces, and 87 on-site parking stalls.

Property Size38,209 SF
Price / SF$104.69
Days on Market137

Property Features for 1225 L Street

General Information

Standard status Active
Size 38,209 SF
Total Parking Spaces 87
Property subtype OFFICE

Amenities

efficient floor plates
scenic views of downtown Lincoln
private outdoor terraces

Building Details

Tenancy Multi
Listing Agency: LINE Partners
Listed By: Pat Heiser · License #NE20140037
Source: Moodyscre
Added: Mar 16 Changed: Jul 26 Last Checked: Jul 30 at 1:03PM

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.

Centre Terrace is a 38,209 SF, multi-tenant office building in downtown Lincoln. The property offers efficient floor plates and private outdoor terraces, with scenic downtown views. The building includes 87 on-site parking stalls, supporting day-to-day tenant and visitor access.

The property is located on L Street between 12th and 13th Streets, near the State Capital and close to the Cornhusker Hotel, the New Convention Center, and the downtown business district.

The offering includes in-place income with vacancy available for an owner-user or value-add approach, with the ability to occupy a portion while leasing remaining space.

Key Highlights

  • 38,209 SF multi‑tenant office building in Downtown Lincoln with in‑place income and vacancy available
  • Efficient floor plates and private outdoor terraces
  • Scenic views of downtown Lincoln

Property Analytics

Current Use

Transportation Tomorrow Freight Service Accountability & Disclosure State Government Office THE SMITH TEAM Financial Advisor Foster Care Review ... Social Service Agency Liberty Mobility Now ... Freight Service

Suggested Use

Top Pick Skin Care Clinic HVAC Service Nail Salon 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.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,330
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant office building with efficient floor plates, private outdoor terraces, and 87 on-site parking stalls.
Where is this office building located?
The property is located at 1225 L Street Lincoln, NE.
What is the asking price?
The asking price for this property is $3,999,995.
What are key features of this property?
This property features: 38,209 SF multi‑tenant office building in Downtown Lincoln with in‑place income and vacancy available; Efficient floor plates and private outdoor terraces; Scenic views of downtown Lincoln
(402) 875-3600 Call to check price and availability
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