Listed by RE/MAX Concepts
$1,383,793
Retail Land For Sale
Details
APN 17-06-108-001-000
Property Type Land
Sub Type Commercial
Broker Co-Op Yes
Lot Size (SqFt) 95,434
Zoning B-2
Land | 95,434 SqFt
Marketing description
PRICE IMPROVED!
Commercial land for developing in Northstar Crossing. Located on the busy North 27th Street trade corridor near Northstar High School. This is a great location for a hotel, retail, office, or restaurant.
The new Northstar Crossing Center is a 50 acre-development that will include a half million square feet of commercial space.
Chick-Fil-A, Casey’s, and Brakes Plus have opened and generating a great deal of traffic by this location. Tommy’s Carwash, Discount Tire, AutoZone, and others will be coming soon.
1.4 miles from I-80 and an easy commute to UNL campuses, downtown Lincoln, and the
Lincoln Municipal Airport.
Investment highlights
Population Growth & Market Reach
- Threshold Milestone: As of mid-2024, Lincoln’s population surpassed 300,000, making it the 72nd largest city in the U.S. This growth is a primary driver for national retailers entering the market.
- Regional Growth: The city grew by 3.19% between 2023 and 2024, significantly outpacing the Midwest average of 0.7% for cities of similar size.
- Young & Educated Workforce: The median age in Lincoln is approximately 33.4 years, with over 41% of adults holding a bachelor's degree or higher, providing a stable base of high-earning consumers.
Strategic Location & Surrounding Development
- · Prime Location: This area one of Lincoln's most active commercial and commuter growth sectors. The site is strategically positioned on North 27th Street, which serves as a primary arterial connecting northern residential developments.
- A new Google data center is opening one exit east of the North 27th Street exit which is attracting additional industrial and commercial development in the area.
- Interstate 80 Proximity: Being within a two-minute drive of the I-80 interchange provides this property with "pass-through" traffic potential from cross-state travelers in addition to local daily commuters. Over 14,000 cars per day exit off I-80 onto North 27th Street.
- Northstar Crossing Synergy: This site is adjacent to the Northstar Crossing development, a 50-acre project expected to bring 500,000 square feet of commercial space to the area. Chick-Fil-A and Casey’s are open. Tommy’s Carwash and Brakes Plus are confirmed for the immediate vicinity.
- North Star High School: The site benefits from proximity to North Star High School.
- High Traffic Count: Over 14,700 cars pass by daily. Traffic will increase as the development of Northstar Crossing continues.
Economic Indicators
- Rising Incomes: The median household income in Lincoln has grown to approximately $69,991, with those in the 45–64 age bracket (prime spending years) earning over $86,000.
- Low Vacancy Rates: Lincoln’s retail sector maintains a healthy vacancy rate of around 4.2%, with demand for new high-quality space consistently outpacing supply.
- Diverse Employment Base: The area is supported by major stable employers including the University of Nebraska, Nelnet, and Bryan Health, as well as a growing tech sector.
Development Flexibility
- Zoning & Readiness: The land is already positioned for versatile commercial use including retail, office, restaurant, or lodging.
- Existing Plans: Previous engineering work for a 100-room motel on this site is available from the seller.
Listing Contacts
Listed by RE/MAX Concepts
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