1111 O St
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1111 O St
83,384 SF 100% Leased Office Building Lincoln, NE 68508 $5,200,000 ($62/SF)
Executive Summary
This is a unique opportunity to purchase a building on the corner of 12th & O Street. This two-story building has been used as a satellite campus for a community college. The layout has large, open classrooms on the perimeter of a large interior hall/common area. The second floor is attached to the Skywalk system, connecting it to multiple parking garages and other downtown buildings. The building is connected to a city-owned parking garage that can accommodate most parking requirements, additionally, the elevators that service both the garage and subject property are owned and maintained by the City of Lincoln. The building is 76,334 total square feet on two floors and was built in 1979. It offers three-phase power and has a new roof that was replaced in 2022. This offering has the possibility of being redeveloped into a multi-tenant office building.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
83,384 SF
Building Class
B
Year Built
1979
Price
$5,200,000
Price Per SF
$62
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
41,691 SF
Slab To Slab
12’
Building FAR
1.69
Land Acres
1.13 AC
Opportunity Zone
Yes
Zoning
B-4
Parking
456 Spaces (5.47 Spaces per 1,000 SF Leased)
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Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $5,067,400 | |
Land Assessment | $2,009,900 | Total Assessment | $7,077,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,009,900
Improvements Assessment
$5,067,400
Total Assessment
$7,077,300
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1111 O St
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