1935 Q St Lincoln, NE 68503
- Office Properties & Spaces
- 13,820 SF
- 0.43 lot acres
Current Use by Public Records
- Live yes studio / Art Studio
- Africa Culture center-Museum / Modern Art Museum
- Your Geeks in IT Solutions and services / Consultant
- Global Food Aide Org. / Wholesaler
Property Details for 1935 Q St
- Year built
- 1956
- Lot size
- 0.43 lot acres
- Property size
- 13,820 SF
- Zone code
- B4
- Property type
- Office Properties & Spaces
- APN
- 10-24-321-016-000
- APU
- 1024321016000
Description
Exceptional redevelopment opportunity in Lincoln, Nebraska, presenting a vacant 13,820-square-foot office building on a 18,625-square-foot lot. Located at 1935 Q St, this property boasts a desirable location east of downtown and north of the Telegraph district, offering significant potential for various uses. The existing two-story, 1956-built Class C building provides a solid foundation for redevelopment, with B4 - Lincoln Center Business zoning permitting multi-family or commercial projects. The asking price is $1,495,000, translating to $108.18 per square foot. The property features one building with a total of 13,820 square feet of net rentable space. This is a unique chance to capitalize on a prime location and flexible zoning. Additional parcels on the same block may be available. The property's APN is 10-24-321-016-000. This is a truly unique opportunity for investors seeking a high-potential redevelopment project in a thriving Nebraska market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $600,000
- 6.5%
- $605,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $545,000
- Geo Method
- $525,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $545,000
- Retail
- $605,000
- Mixed-Use
- $645,000
- Hospitality
- $540,000
- Educational
- $590,000
- Residential Income
- $660,000
- Energy
- $545,000
- Income-Based Land
- $670,000
- Food Service
- $640,000
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Lancaster
- State
- Nebraska
- Longitude
- -96.693
- Latitude
- 40.8155
- CBSA code
- 30700
- CBSA name
- LINCOLN, NE METROPOLITAN STATISTICAL AREA