120 13Th St Lincoln, NE 68508
- Apartment buildings
- 40,000 SF
- 0.53 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 120 13Th St
- Year built
- 1929
- Lot size
- 0.53 lot acres
- Property size
- 40,000 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.7026
- Latitude
- 40.8134
