1332-1336 P St
Lincoln, NE 68508 Downtown Lincoln

• Unit Size: 5,318 SF
• Condo Use: Office/Retail
• Price: $1,000,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $188.04 USD

Description

1332 P Street | Lincoln, Nebraska
±5,318 SF | Ground-Floor Commercial Condominium
Ideal for Owner-Users or Investors

A rare opportunity to own a premium bar/restaurant property in the heart of Downtown Lincoln, just one block south of the University of Nebraska–Lincoln. This ground-floor commercial condominium offers exceptional versatility, strong foot traffic, and immediate access to one of the city’s most dynamic food and nightlife destinations.

Unmatched Location
Located along bustling P Street, this asset sits at the center of Lincoln’s highest-density dining district. Surrounding and adjacent restaurant operators include Raising Cane’s, Buffalo Wild Wings, Bison Witches Bar & Deli, Blaze Pizza, Chipotle, Panda Express, Bagels & Joe, Wendy’s, Arby’s, Domino’s, and Topper’s Pizza. With constant student, local, and visitor traffic, this corridor supports some of the strongest retail demand in the market.

Current Buildout
The property is currently improved with two distinct bar concepts:

Front Unit (P St Entrance): A traditional tavern/bar layout with bar infrastructure, open seating areas, and strong street visibility.

Back Unit (Alley Entrance): A fully built-out speakeasy bar, ideal for themed concepts, private events, or intimate gatherings.

For buyers interested in a restaurant operation, the owner is open to discussing the installation of a commercial kitchen.

Flexible Ownership Options
With a total of ±5,318 square feet, the ground floor can be purchased and utilized in various ways:

Owner-User:

Occupy the entire ground floor, just the front, or just the back.

Investor:

Lease to one full-building tenant or subdivide into two units (approximately ±3,700 SF front and ±1,600 SF back*)

Excellent leasing demand given the location and surrounding tenants.