2820 48Th StLincoln, NE 68504

Property Details for 2820 48Th St

Year built

1936

Lot size

0.46 AC

Property size (Sq ft)

7,290 SF

Zone code

B3

Property type

Office properties

APN

17-17-207-004-000

APU

1717207004000

Description

This exceptional 7,290 square foot office building, located at 2820 N 48th St in Lincoln, Nebraska, presents a unique investment opportunity. Originally constructed in 1936 and extensively renovated in 2000, this former Carnegie Library building boasts irreplaceable aesthetic charm seamlessly blended with modern office functionality. The property is currently vacant, offering immediate occupancy for a new owner. The building features high ceilings, spacious conference rooms, a full kitchen, multiple bathrooms, private offices, open cube space, and ample file storage—all ready for immediate use. The building sits on a 19,923 square foot lot and is zoned B3. With two stories and a total of 7,290 net rentable square feet, the asking price is $795,000, translating to $109.05 per square foot. This Class B property offers a unique blend of historical character and modern amenities, making it an ideal space for a variety of businesses. The building's prime location in Lincoln, Nebraska, within Lancaster County, zip code 68504, ensures excellent visibility and accessibility. This is a rare opportunity to acquire a truly one-of-a-kind property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,440,280

  6.5%

  $1,329,490

  7%

  $1,234,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $521,454

  Geo Method

  $521,454

• Alternative Use

  Use

  Valuation

  Residential

  $1,648,567

  Hospitality

  $1,510,078

  Educational

  $1,256,368

  Medical

  $1,299,576

  Retail

  $1,954,350

Location Insight

City

Lincoln

County

Lancaster

State

Nebraska

Latitude

40.841

Longitude

-96.6533

CBSA code

30700

CBSA name

LINCOLN, NE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].