2541 50Th St Lincoln, NE 68504

Property Details for 2541 50Th St

Year built

1920

Property size

13,799 SF

Property type

Dormitories

Property subtype

Student housing

Description

Exceptional investment opportunity in Lincoln, Nebraska, presents a beautifully maintained, three-story, 13,799 square foot sorority house built in 1920 with subsequent additions in 1942, 1952, and 1960. This property boasts 22 bedrooms, 6 bathrooms with 8 bathing areas, and a commercial kitchen. The 21,330 square foot lot is zoned R-6, offering diverse redevelopment potential, including conversion to a multiplex, single-family home, private club, school, religious facility, Airbnb, bed and breakfast, boutique hotel, restaurant, or bar with mixed use. Recent updates include a 2010 interior sprinkler system, 2011 HVAC system, a 2017 first-floor common area remodel, a 2021 new roof, and a 2022 full exterior paint job. The property includes 16 parking stalls and enjoys direct access to the Nebraska Wesleyan campus. Offered at $835,000, this represents a compelling price per unit of $37,954.55 and a price per square foot of $60.51. This is a rare opportunity to acquire a well-maintained property with significant upside potential in a desirable location.