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120 13Th St Lincoln, NE 68508

Sponsored
For Sale
$5,900,000

Iconic Downtown Lincoln Venue - $5.9M

Property size:
40,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional Class A multifamily investment opportunity presents the renowned Rococo Theatre, a landmark in Lincoln, Nebraska. Built in 1929 and meticulously restored in 2001, this 40,000 square foot, 12-story building boasts stunning Italian Romanesque architecture. Currently operating at 100% occupancy, the theatre offers a unique blend of historical charm and modern amenities. The property includes state-of-the-art audio-visual equipment, Vegas-style seating, full bars on three levels, and a full kitchen in the basement. With a capacity exceeding 1,200, it's ideal for diverse events: concerts, comedy shows, private parties, weddings, corporate functions, and more. Situated on a 0.53-acre lot in the heart of downtown Lincoln, just steps from the University of Nebraska campus (25,000 students), this prime commercial property benefits from a vibrant urban setting and a large potential customer base within a city of 275,000 residents. The property is zoned for commercial use and offers significant upside potential. The seller will consider offers including additional assets. A lease option is also available at $25,000 per month, NNN. This is a rare chance to acquire a truly unique and profitable entertainment venue in a thriving Nebraska market.

Property Features for 120 13Th St

General Information

Property type
Multifamily properties
Square Feet
40,000 SF
Class
A
Lot Size
23,087 SF

Building Details

Year Built
1929
Buildings
1
Stories
12

HighLights

  • Class A multifamily investment opportunity: The Rococo Theatre, a landmark building in Lincoln, Nebraska.
  • 40,000 square foot, 12‑story building, meticulously restored in 2001, with stunning Italian Romanesque architecture.
  • Currently 100% occupied, featuring state‑of‑the‑art A/V equipment, full bars (three levels), and a full kitchen.
  • 1,200+ capacity venue ideal for diverse events (concerts, comedy, weddings, corporate functions).
  • 0.53‑acre lot in downtown Lincoln, near the University of Nebraska (25,000 students), offering significant upside potential. Seller open to offers including additional assets; lease option available at $25,000/month, NNN.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Lincoln
County
Lancaster
State
Nebraska
Longitude
-96.7025961
Latitude
40.8134374

FAQs

What type of property is this?
Multifamily property - Iconic Downtown Lincoln Venue - $5.9M
Where is this multifamily property located?
The property is located at 120 13Th St Lincoln, NE.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Class A multifamily investment opportunity: The Rococo Theatre, a landmark building in Lincoln, Nebraska.; 40,000 square foot, 12-story building, meticulously restored in 2001, with stunning Italian Romanesque architecture.; Currently 100% occupied, featuring state-of-the-art A/V equipment, full bars (three levels), and a full kitchen.
More about this property
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