3520 Village DrLincoln, NE 68516

Property Details for 3520 Village Dr

Year built

1994

Lot size

0.39 AC

Property size (Sq ft)

9,974 SF

Zone code

B2

Property type

Retail space

APN

16-18-224-004-000

APU

1618224004000

Description

This exceptional retail space, located at 3520 Village Drive, Suite 100 in Williamsburg Village, presents a unique opportunity for a discerning business owner. Boasting a prime location with excellent visibility from Old Cheney Road, this property benefits from prominent signage on three sides of the building, ensuring maximum exposure to potential customers. The space has a rich history, having served as a thriving restaurant for over 25 years, demonstrating its suitability and proven success in the area. The existing layout is easily adaptable, offering the flexibility to operate as a single large space or be subdivided into two smaller suites, catering to a variety of business needs and scales. This adaptability makes it ideal for a range of retail concepts, from restaurants and cafes to other service-oriented businesses. The established presence of numerous other restaurants and businesses in the immediate vicinity creates a vibrant and synergistic environment, fostering a strong sense of community and attracting a steady flow of foot traffic. This turnkey opportunity combines a proven track record with a highly desirable location, making it an exceptional investment prospect. The property's long-standing success and adaptable layout offer a compelling combination for future growth and profitability. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this remarkable retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,708,679

  6.5%

  $2,500,320

  7%

  $2,321,725

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,797,869

  Geo Method

  $1,797,869

• Alternative Use

  Use

  Valuation

  Residential

  $2,109,113

  Hospitality

  $1,931,936

  Educational

  $1,607,348

  Medical

  $1,662,627

  Retail

  $2,500,320

Location Insight

City

Lincoln

County

Lancaster

State

Nebraska

Latitude

40.7546

Longitude

-96.6697

CBSA code

30700

CBSA name

LINCOLN, NE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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