400 48Th StLincoln, NE 68504

  • Commercial real estate
  • 0.60 AC
For Lease
$17/SF/YR View listing

Property Details for 400 48Th St

Lot size
0.60 AC
Zone code
B2
Property type
Commercial real estate
APN
17-20-400-013-000
APU
1720400013000

Description

Centro Plaza, located at 400 N 48th St, Lincoln, NE 68504, presents a prime retail investment opportunity in Lancaster County. This 116,419 square foot shopping center boasts a strong tenant mix, anchored by established national retailers such as TJ Maxx, DSW, Five Below, Kirklands, and Michaels. Currently, there are two available spaces totaling 1,565 to 3,080 square feet. One space (B2) is a first-generation space, ideal for tenant improvements to suit specific business needs. The other space (C7) is a former fitness center, offering a unique layout and potential for adaptive reuse. The property is zoned B2 and enjoys excellent visibility and accessibility in a high-traffic retail corridor along 48th Street, just north of O Street, placing it in the heart of Lincoln's busy retail area. This location provides exceptional exposure to a large customer base. The available spaces offer a chance to establish a presence in a thriving retail environment alongside successful national brands. This is an excellent opportunity for businesses seeking high visibility and convenient access within a well-established shopping center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,494,482
    Hospitality
    $5,032,916
    Educational
    $4,187,327
    Medical
    $4,331,336
    Retail
    $6,513,620

Location Insight

City
Lincoln
County
Lancaster
State
Nebraska
Latitude
40.8189
Longitude
-96.6531
CBSA code
30700
CBSA name
LINCOLN, NE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,246
$376,700
$28,700
$405,400
-
$376,700
$28,700
$405,400

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