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    1140 O St Lincoln, NE 68508

    Sponsored
    For Sale
    $1,450,000

    Downtown Lincoln Bar/Restaurant - Huge Potential

    Property size:
    5,906 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Lincoln, Nebraska redevelopment opportunity presents a unique chance to acquire a three-story, 5,906 square foot commercial property located at 1140 O St, zip code 68508. Currently configured as a bar and restaurant, the first floor boasts a fully functional commercial kitchen and hospitality space, ready for immediate use or creative adaptation. The upper two floors offer a blank canvas, perfect for a complete renovation to suit a wide range of uses. The building, constructed in 1990, sits on a 3,553 square foot lot and is zoned B4 - Lincoln Center Business, allowing for diverse development possibilities. The asking price is $1,450,000. This prime downtown location offers significant potential for a savvy investor seeking to capitalize on the vibrant Lincoln market. The substantial square footage and flexible zoning provide ample room for expansion, customization, and the creation of a truly unique and profitable venture. The existing infrastructure on the first floor provides a solid foundation for a quick start, while the upper floors offer limitless potential for creative design and expansion. Don't miss this chance to acquire a significant piece of Lincoln's thriving commercial landscape.

    Property Features for 1140 O St

    General Information

    Property type
    Restaurants
    Square Feet
    5,906 SF

    Building Details

    Year Built
    1990
    Stories
    3

    HighLights

    • $1,450,000 asking price for a 5,906 SF retail property.
    • Located at 1140 O St, Lincoln, NE 68508.
    • Three‑story building (5,906 net rentable square feet) built in 1990, situated on a 3,553 SF lot.
    • Currently configured as a bar/restaurant with a full commercial kitchen on the first floor; upper floors are ready for redevelopment.
    • Zoned B4 - Lincoln Center Business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ambition Motors Used Car Dealer Delco Dave's Steaks Cheesesteak Restaurant The White Rabbit Bar

    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
    -96.7043588
    Latitude
    40.8138326

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    FAQs

    What type of property is this?
    Restaurant - Downtown Lincoln Bar/Restaurant - Huge Potential
    Where is this restaurant located?
    The property is located at 1140 O St Lincoln, NE.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: $1,450,000 asking price for a 5,906 SF retail property.; Located at 1140 O St, Lincoln, NE 68508.; Three-story building (5,906 net rentable square feet) built in 1990, situated on a 3,553 SF lot.
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    1140 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
    1140 O St Lincoln, NE 68508
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