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    105 9Th St Lincoln, NE 68508

    Sponsored
    For Sale
    $2,000,000

    Lincoln, NE: Prime 0.51-acre site. High traffic area.

    Property size:
    65,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.51-acre property, located at 105 S 9th St in Lincoln, Nebraska's vibrant Haymarket district, presents a compelling redevelopment opportunity. The existing three-story, 65,760 square foot parking garage, built in 1950, features 187 parking stalls and sits within a 20-year Tax Increment Financing (TIF) district. Boasting a B-4 zoning permit, this site is ideally positioned for a mixed-use, residential, or office development. Its prime location offers unparalleled access to the University of Nebraska and downtown Lincoln, with exceptional daily traffic counts of 27,000 vehicles on 9th Street and 21,000 on nearby O Street. This presents a unique chance to capitalize on Lincoln's thriving urban core. The property's versatility allows for both immediate revenue generation from the existing parking structure and long-term value creation through strategic redevelopment. This is a rare chance to acquire a significant piece of Lincoln's history with immense future potential. The asking price is $2,000,000.

    Property Features for 105 9Th St

    General Information

    Property type
    Automotive properties
    Square Feet
    65,760 SF
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    3

    HighLights

    • 0.51‑acre lot in Lincoln, Nebraska's Haymarket District.
    • Existing 65,760 SF, three‑story parking garage with 187 stalls (built 1950).
    • B‑4 zoning allows mixed‑use, residential, or office development.
    • Located near University of Nebraska and downtown Lincoln, with high daily traffic counts.
    • $2,000,000 asking price.
    • Situated within a 20‑year Tax Increment Financing (TIF) district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.70844318133
    Latitude
    40.81356806374

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    FAQs

    What type of property is this?
    Automotive property - Lincoln, NE: Prime 0.51-acre site. High traffic area.
    Where is this automotive property located?
    The property is located at 105 9Th St Lincoln, NE.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 0.51-acre lot in Lincoln, Nebraska's Haymarket District.; Existing 65,760 SF, three-story parking garage with 187 stalls (built 1950).; B-4 zoning allows mixed-use, residential, or office development.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 9Th St Lincoln, NE 68508
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