2541 50Th St Lincoln, NE 68504

Exceptional investment opportunity in Lincoln, Nebraska, presents a beautifully maintained, three-story, 13,799 square foot sorority house built in 1920 with subsequent additions in 1942, 1952, and 1960. This property boasts 22 bedrooms, 6 bathrooms with 8 bathing areas, and a commercial kitchen. The 21,330 square foot lot is zoned R-6, offering diverse redevelopment potential, including conversion to a multiplex, single-family home, private club, school, religious facility, Airbnb, bed and breakfast, boutique hotel, restaurant, or bar with mixed use. Recent updates include a 2010 interior sprinkler system, 2011 HVAC system, a 2017 first-floor common area remodel, a 2021 new roof, and a 2022 full exterior paint job. The property includes 16 parking stalls and enjoys direct access to the Nebraska Wesleyan campus. Offered at $835,000, this represents a compelling price per unit of $37,954.55 and a price per square foot of $60.51. This is a rare opportunity to acquire a well-maintained property with significant upside potential in a desirable location.