400 48Th St Lincoln, NE 68504
- Commercial real estate
- 0.60 lot acres
Current Use by Public Records
- Beauty Image / Beauty Salon / Hair Salon
- Universal Dance Academy / Dance School
- Amazon Locker - Jaya / Shipping And Mailing Service
- Five Below / Toy Store / Candy Store
- DSW Designer Shoe Warehouse / Fashion Accessories Store / Shoe Store
Property Details for 400 48Th St
- Lot size
- 0.60 lot acres
- Zone code
- B2
- Property type
- Commercial real estate
- APN
- 17-20-400-013-000
- APU
- 1720400013000
Description
Centro Plaza, located at 400 N 48th St, Lincoln, NE 68504, presents a prime retail investment opportunity in Lancaster County. This 116,419 square foot shopping center boasts a strong tenant mix, anchored by established national retailers such as TJ Maxx, DSW, Five Below, Kirklands, and Michaels. Currently, there are two available spaces totaling 1,565 to 3,080 square feet. One space (B2) is a first-generation space, ideal for tenant improvements to suit specific business needs. The other space (C7) is a former fitness center, offering a unique layout and potential for adaptive reuse. The property is zoned B2 and enjoys excellent visibility and accessibility in a high-traffic retail corridor along 48th Street, just north of O Street, placing it in the heart of Lincoln's busy retail area. This location provides exceptional exposure to a large customer base. The available spaces offer a chance to establish a presence in a thriving retail environment alongside successful national brands. This is an excellent opportunity for businesses seeking high visibility and convenient access within a well-established shopping center.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $270,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $315,000
- Mixed-Use
- $275,000
- Hospitality
- $290,000
- Educational
- $260,000
- Residential Income
- $310,000
- Energy
- $295,000
- Income-Based Land
- $295,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.6531
- Latitude
- 40.8189
- CBSA code
- 30700
- CBSA name
- LINCOLN, NE METROPOLITAN STATISTICAL AREA