1480 S. Lincoln

Office for Sale
Catylist Listing ID: 30369290
Building Size (RSF): 20,250 SF
Gross Building Area: See Agent
Sale Price: $499,900
Unit Price: $24.69 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/5/2019

Overview / Comments

Opportunity Awaits!
Full HWY frontage along HWY 275 just south of West Point. The commercial buildings sit on 5.13 acres and has 20,250 square feet of income producing opportunity. Listed under assessed value. With so much land there is room for expansion to fit your specific needs.
Building 1-2: Main building has 10,500 square feet and was built in 1970 plus an addition of 1,200 sf added in 2002. This spacious building has 3 offices, 2 restrooms, breakroom, 2 showrooms and 2 workshop areas. One has a hanging furnace. All have concrete or tiled flooring and has 2 overhead doors. (12x14 and 14x20) So many possibilities and room and multiple configurations in this space. Don’t forgot about the upstairs storage space. Make it your own! Building is approx. 60x150.
Building 3: This building is considered a warehouse and was built in 2002. Pole and frame building 50x62. It has 2 large overhead doors (12x12 and 10x12) and an additional loft area for even more storage. There is a dirt floor and has 3,150 sq feet. Loft adds approx. another 1,575 sq ft. (Furthest south building on the property and has abundancy of vacant land that could allow for additional buildings to be added.)
Building 4: Another great addition to this commercial building is the furthest North building on the property and was built in 1992. The 50x100 building is insulated and has a concrete floor and some loft area storage too. This building is currently being leased. Call for additional details. This portion has a separate meter and will be a blank shell when lease has expired. The 2 overhead garage style doors measure 14x27 (big enough for semi trucks) and 12x12. Make this a multi-use treasure!

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $6,870 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Cuming
Tax ID/APN: 15432
Property Visibility: Good
Highway Access: Hwy 275
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 20,250 SF
Year Built: 1970
Roof Type: Other
Construction/Siding: Metal Siding
Parking Type: Surface
Total Parking Spaces: 20
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,945 3,055 4,251
Median Age: 40.95 42.39 42.9
Households: 861 1,295 1,767

Contact

Photograph of Listing Agent

Rob George

Don Peterson & Associates Real Estate Co.

Source

Midlands Regional CIE
Original Source: Member Entered
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