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    1427 O St Lincoln, NE 68508

    For Lease
    $14 SF/Yr ($7,242 /Mo)

    Historic building, 4,625 sq ft vacant, high potential.

    Lot size:
    6,208 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Lincoln, Nebraska property at 1427 O Street presents a unique redevelopment opportunity. The 6,208 square foot building, constructed in 1910, sits on a 3,553 square foot lot and boasts a prime downtown location. Currently zoned B-4, this two-story structure offers significant flexibility for a variety of uses. A substantial 4,625 square feet of space is immediately available, ideal for adaptive reuse. The building's history as a nightclub and its previous use as retail space showcase its adaptability. Imagine transforming this historic landmark into a modern office space, a vibrant event venue, an art gallery, or a completely new concept. The multiple tenancy option allows for diverse configurations to suit your specific needs. This is a rare chance to acquire a significant piece of Lincoln's downtown landscape, offering substantial potential for return on investment. The property's location on O Street ensures high visibility and accessibility. This is an exceptional opportunity for an investor or developer seeking a high-impact project in a thriving urban environment. The building's solid foundation and existing infrastructure provide a strong base for your vision. Contact us to explore the possibilities.

    Property Features for 1427 O St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,208 SF
    Total Rate
    7242.67

    Building Details

    Year Built
    1910
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,625 SF
    Rate per SF
    $14

    HighLights

    • Prime downtown Lincoln, Nebraska redevelopment opportunity.
    • 6,208 SF building on a 3,553 SF lot, zoned B‑4.
    • 4,625 SF of immediately available space.
    • 142' lot depth, 25' lot width.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trimix Therapy Clinic Medical Clinic

    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
    -96.7003858
    Latitude
    40.813249

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    FAQs

    What type of property is this?
    Restaurant - Historic building, 4,625 sq ft vacant, high potential.
    Where is this restaurant located?
    The property is located at 1427 O St Lincoln, NE.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Lincoln, Nebraska redevelopment opportunity.; 6,208 SF building on a 3,553 SF lot, zoned B-4.; 4,625 SF of immediately available space.
    Request Owner's contact information
    1427 O St Lincoln, NE 68508
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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
    1427 O St Lincoln, NE 68508
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