345 N 23rd ST, Lincoln, NE 68503
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tiffany Harvat

Tiffany Harvat

+1(712) 898-5296
Listed by Joe Mara Woods Bros Realty
$ 292,640
Est. payment | /mo
Save
$ 292,640
Est. payment | /mo
Save

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Pending

Purchase Type For Sale

Subdivision Antelope Square

MLS Listing ID 22517485

HOA Y/N No

Lot Dimensions 70.13 x 142016

Property Sub-Type Unimproved Land

Property Description

This property has a 99 year ground lease in place which began July 1, 2021. The lease is an absolute NNN, with no landlord responsibilities or expenses. The monthly rent July 1, 2025 is $1585.14. The annual rental increases are 2%, or the consumer price index, whichever is greater. The property is improved with a $3,750,000 mixed use building that includes retail and housing. The price is based on a cap rate of 6, which is excellent for a ground lease with rate bumps. Typical rate bumps are at 5-10 year increments and are annual and compounding. Offers will require a three week response time to an RFR. The property itself is free and clear, and not subject to any debt on the improvements.

Location

State NE

County Lancaster

Area Lancaster

Direction North of O Street on 23rd

Exterior

Fence None

Utilities Available Electricity Available, Natural Gas Available, Water Available, Sewer Available, Storm Sewer, Phone Available, Fiber Optic, Cable Available

Street Surface Asphalt

Building

Sewer Public Sewer

Water Public

Schools

Elementary Schools Elliott

Middle Schools Lefler

High Schools Lincoln High

School District Lincoln

Others

Ownership Fee Simple

Nearby Locations

Tiffany Harvat

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(712) 898-5296

therealt@tiffanyharvat.com

10011 J St. suit 5, Omaha, NE, 68127, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Tiffany Harvat, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

345 N 23rd ST