10 9Th StLawrence, KS 66044

Property Details for 10 9Th St

Year built

1900

Lot size

0.27 AC

Property size (Sq ft)

9,264 SF

Property type

Retail space

APN

079-31-0-20-14-024.00-0

APU

793102014024000

Description

This exceptional storefront property at 10 E 9th St, Lawrence, KS 66044 presents a unique investment opportunity. Boasting 14,278 square feet of building space on an 11,700 square foot lot, this well-maintained building offers a substantial presence in the heart of downtown Lawrence. Its prime location on a highly developed corner ensures exceptional visibility and accessibility. The property's unique architectural design elements contribute to its iconic status within the district. Currently leased, this offering represents a chance to acquire a piece of Lawrence's history. The CD-UC zoning allows for a variety of uses, making it a versatile investment. The asking price is $2,285,000. This is a rare opportunity to own a significant commercial property in a thriving Kansas city. The building's size and location make it ideal for a variety of retail or office uses, offering strong potential for future growth and return on investment. Don't miss this chance to secure a piece of Lawrence's vibrant downtown.

• CAP approach

  CAP return

  Valuation

  6%

  $2,291,593

  6.5%

  $2,115,317

  7%

  $1,964,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,669,888

  Geo Method

  $1,669,888

• Alternative Use

  Use

  Valuation

  Residential

  $1,784,349

  Hospitality

  $1,634,454

  Educational

  $1,359,847

  Medical

  $1,406,614

  Retail

  $2,115,317

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9678

Longitude

-95.2351

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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