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1225 L St
Lincoln, NE 68508
Centre Terrace Office Building · Office Property For Sale
Executive Summary
Centre Terrace is a 38,209 SF multi-tenant office building in Downtown Lincoln offering in-place income with vacancy available for an owner-user or value-add investor. The property features efficient floor plates, scenic views of downtown Lincoln, private outdoor terraces, and 87 on-site parking stalls providing a strong blend of cash flow & flexibility. Buyers can occupy a portion while collecting income or lease remaining space to enhance returns. Adjacent parking lot is not included in the offering price but may be purchased separately to expand parking capacity and generate additional income.
Located between 12th & 13th St on L Street in downtown Lincoln with close proximity to the State Capital, Cornhusker Hotel, New Convention Center and Business District.
Located between 12th & 13th St on L Street in downtown Lincoln with close proximity to the State Capital, Cornhusker Hotel, New Convention Center and Business District.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
47,028 SF
Building Class
B
Year Built/Renovated
1990/2006
Price
$3,999,995
Price Per SF
$85.06
Percent Leased
78%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
7,169 SF
Slab To Slab
11’
Building FAR
3.27
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
B4
Parking
80 Spaces (1.85 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Courtyard
Property Taxes
| Parcel Number | 10-26-222-013-000 | Improvements Assessment | $3,648,100 |
| Land Assessment | $752,600 | Total Assessment | $4,400,700 |
Property Taxes
Parcel Number
10-26-222-013-000
Land Assessment
$752,600
Improvements Assessment
$3,648,100
Total Assessment
$4,400,700
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