105 9Th St Lincoln, NE 68508
- Commercial real estate
- 21,920 SF
- 0.51 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 105 9Th St
- Year built
- 1950
- Lot size
- 0.51 lot acres
- Property size
- 21,920 SF
- Zone code
- B4
- Property type
- Commercial real estate
- APN
- 10-26-200-022-000
- APU
- 1026200022000
Description
This exceptional 0.51-acre property, located at 105 S 9th St in Lincoln, Nebraska's vibrant Haymarket district, presents a compelling redevelopment opportunity. The existing three-story, 65,760 square foot parking garage, built in 1950, features 187 parking stalls and sits within a 20-year Tax Increment Financing (TIF) district. Boasting a B-4 zoning permit, this site is ideally positioned for a mixed-use, residential, or office development. Its prime location offers unparalleled access to the University of Nebraska and downtown Lincoln, with exceptional daily traffic counts of 27,000 vehicles on 9th Street and 21,000 on nearby O Street. This presents a unique chance to capitalize on Lincoln's thriving urban core. The property's versatility allows for both immediate revenue generation from the existing parking structure and long-term value creation through strategic redevelopment. This is a rare chance to acquire a significant piece of Lincoln's history with immense future potential. The asking price is $2,000,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,605,000
- 6.5%
- $1,620,000
- 7%
- $1,400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,380,000
- Geo Method
- $1,710,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,520,000
- Retail
- $1,395,000
- Mixed-Use
- $1,745,000
- Hospitality
- $1,650,000
- Educational
- $1,700,000
- Residential Income
- $1,400,000
- Energy
- $1,835,000
- Income-Based Land
- $1,905,000
- Food Service
- $1,525,000
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.7091
- Latitude
- 40.8133
- CBSA code
- 30700
- CBSA name
- LINCOLN, NE METROPOLITAN STATISTICAL AREA