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    3859 South St Lincoln, NE 68506

    Sponsored
    For Sale
    $272,000

    Vacant retail space, high visibility, 2,910 SF.

    Property size:
    2,910 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2,910 square foot vacant storefront at 3859 South Street in Lincoln, Nebraska, presents a compelling value-add investment opportunity. Located in Lancaster County, zip code 68506, the property boasts excellent visibility from both Normal Boulevard and South Street, ensuring high foot traffic and brand exposure. The building features two street-level retail spaces, ideal for a variety of businesses, and a fully finished second story, offering potential for expansion or additional rental income. The asking price is $272,000, translating to a price per square foot of $93.47. Currently vacant, this property allows for immediate customization and tenant selection, maximizing return on investment. The property is classified as Class C and is situated in a prime location with adjacent properties also available for purchase, presenting potential for synergistic development or expansion. This is a rare chance to acquire a centrally located retail space with significant upside potential in a thriving Nebraska market. The property's address is 3859 South Street, Lincoln, NE 68506.

    Property Features for 3859 South St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,910 SF
    Class
    C

    HighLights

    • 2,910 SF vacant storefront at 3859 South Street, Lincoln, NE 68506.
    • Excellent visibility from Normal Blvd & South Street, high foot traffic.
    • Two street‑level retail spaces & a finished second story.
    • Asking price: $272,000 ($93.47/SF).
    • Class C property; adjacent properties also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Tie Dye Experience Art Studio

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office 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
    -96.6653597
    Latitude
    40.7915031

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    FAQs

    What type of property is this?
    Individual retail property - Vacant retail space, high visibility, 2,910 SF.
    Where is this individual retail property located?
    The property is located at 3859 South St Lincoln, NE.
    What is the asking price?
    The asking price for this property is $272,000.
    What are key features of this property?
    This property features: 2,910 SF vacant storefront at 3859 South Street, Lincoln, NE 68506.; Excellent visibility from Normal Blvd & South Street, high foot traffic.; Two street-level retail spaces & a finished second story.
    Request Owner's contact information
    3859 South St Lincoln, NE 68506
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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
    3859 South St Lincoln, NE 68506
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