1033 O St 1 Lincoln, NE 68508-3636

This exceptional 1.85-acre commercial land parcel in Lincoln, Nebraska, presents a prime redevelopment opportunity. Located in a B-4 zoned area, this site is ideally situated between the Haymarket, the University of Nebraska, and Lincoln's downtown business district, benefiting from its position within both an Opportunity Zone and a 20-year TIF district. Fully entitled for construction up to 275 feet, the site boasts existing utilities and parking infrastructure capable of supporting over 400 residential units. Demolition costs for remaining structures are included in the $11,750,000 asking price. The site is designed to accommodate underground parking and benefits from a skywalk easement to a nearby 1,000+ stall city garage. The City of Lincoln is investing approximately $18 million in streetscape improvements to enhance the surrounding area, including new bike lanes and designated drop-off lanes. Phase I environmental reports and surveys are available upon request during due diligence. Adjacent development includes a Hampton Inn and the Rib & Chop House restaurant. This is the largest available site in Downtown Lincoln.