120 13Th StLincoln, NE 68508

For Sale
$5,900,000

Iconic Downtown Lincoln Venue - $5.9M

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A multifamily investment opportunity presents the renowned Rococo Theatre, a landmark in Lincoln, Nebraska. Built in 1929 and meticulously restored in 2001, this 40,000 square foot, 12-story building boasts stunning Italian Romanesque architecture. Currently operating at 100% occupancy, the theatre offers a unique blend of historical charm and modern amenities. The property includes state-of-the-art audio-visual equipment, Vegas-style seating, full bars on three levels, and a full kitchen in the basement. With a capacity exceeding 1,200, it's ideal for diverse events: concerts, comedy shows, private parties, weddings, corporate functions, and more. Situated on a 0.53-acre lot in the heart of downtown Lincoln, just steps from the University of Nebraska campus (25,000 students), this prime commercial property benefits from a vibrant urban setting and a large potential customer base within a city of 275,000 residents. The property is zoned for commercial use and offers significant upside potential. The seller will consider offers including additional assets. A lease option is also available at $25,000 per month, NNN. This is a rare chance to acquire a truly unique and profitable entertainment venue in a thriving Nebraska market.

Highlights

  • Class A multifamily investment opportunity: The Rococo Theatre, a landmark building in Lincoln, Nebraska.
  • 40,000 square foot, 12-story building, meticulously restored in 2001, with stunning Italian Romanesque architecture.
  • Currently 100% occupied, featuring state-of-the-art A/V equipment, full bars (three levels), and a full kitchen.
  • 1,200+ capacity venue ideal for diverse events (concerts, comedy, weddings, corporate functions).
  • 0.53-acre lot in downtown Lincoln, near the University of Nebraska (25,000 students), offering significant upside potential. Seller open to offers including additional assets; lease option available at $25,000/month, NNN.

Property Details for 120 13Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
40,000 SF
Class
A
Year Built
1929
Buildings
1
Stories
12
Lot Size (sq. ft)
23,087 SF

Location Insight

City
Lincoln
County
Lancaster
State
Nebraska
Latitude
40.8134374
Longitude
-96.7025961
120 13Th St, Lincoln, Nebraska

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120 13Th St
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