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    1245 9Th St Lincoln, NE 68502

    For Sale
    $499,999

    Prime Lincoln location, high-potential investment.

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity in Lincoln, Nebraska, encompasses three properties totaling 0.32 acres on a 3,485 sq ft lot, all zoned B-3 Commercial District. The main structure is a two-story commercial building featuring 1,250 square feet of ground-floor retail space currently operating as a tattoo studio. Upstairs, a 1,250-square-foot, two-bedroom, one-bathroom apartment provides additional income potential. A 1,250-square-foot unfinished basement offers ample storage. Also included is a separate 720-square-foot, two-bedroom, one-bathroom single-family residence, currently generating rental income, with a full unfinished basement. Completing this package is a 0.12-acre vacant lot situated directly behind the other buildings, presenting further development possibilities. The asking price for this multi-use property is $499,999, offering a compelling value-add investment opportunity in a thriving commercial district. The address is 1245 S 9th St, Lincoln, NE 68502. This unique combination of existing income streams and development potential makes this a rare find in the Lincoln market. The property's versatility and prime location make it ideal for a variety of uses and future expansion.

    Property Features for 1245 9Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,500 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • $499,999 asking price for a value‑add investment opportunity.
    • Three properties included: a commercial building, single‑family home, and vacant lot, totaling 0.32 acres.
    • Commercial building: 1,250 SF ground‑floor retail space, 1,250 SF second‑floor, 2‑bed/1‑bath apartment, and 1,250 SF unfinished basement.
    • Single‑family home: 720 SF, 2‑bed/1‑bath with a full unfinished basement, currently rented.
    • 0.12‑acre vacant lot adjacent to the other properties; all properties are B3‑zoned for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mojo's Dermagraphics & Design Tattoo Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.7088981
    Latitude
    40.800515

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    FAQs

    What type of property is this?
    Multifamily property - Prime Lincoln location, high-potential investment.
    Where is this multifamily property located?
    The property is located at 1245 9Th St Lincoln, NE.
    What is the asking price?
    The asking price for this property is $499,999.
    What are key features of this property?
    This property features: $499,999 asking price for a value-add investment opportunity.; Three properties included: a commercial building, single-family home, and vacant lot, totaling 0.32 acres.; Commercial building: 1,250 SF ground-floor retail space, 1,250 SF second-floor, 2-bed/1-bath apartment, and 1,250 SF unfinished basement.
    Request Owner's contact information
    1245 9Th St Lincoln, NE 68502
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    Lincoln, NE 68502
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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
    1245 9Th St Lincoln, NE 68502
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