120 13Th St Lincoln, NE 68508
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.