1401 23Rd StLawrence, KS 66046

Property Details for 1401 23Rd St

Year built

2019

Lot size

8.78 AC

Property size (Sq ft)

132,486 SF

Property type

Investment properties

Property subtype

Live-work space

APN

111-12-0-20-01-001.00-0

APU

1111202001001000

Description

This exceptional mixed-use property, located at 1401 W 23rd St in Lawrence, Kansas, offers a versatile first-floor retail space ranging from 1,000 to 7,235 square feet. Situated in Douglas County, this single-tenant opportunity presents a unique chance to establish or expand your business in a vibrant Kansas community. The property's address is conveniently located at 1401 W 23rd St, Lawrence, KS 66046, providing excellent visibility and accessibility for customers. The flexible space is ideal for a variety of retail concepts, allowing for customization to suit specific business needs. The property type is classified as retail with a mixed-use designation, suggesting potential for diverse applications beyond traditional retail. This presents a compelling investment opportunity for businesses seeking a prominent location in a thriving market. The property's single-tenant occupancy simplifies management and provides a clear, focused environment for your operations. Its location in Lawrence, Kansas offers access to a strong local economy and a diverse customer base. The precise square footage can be tailored to meet the specific requirements of the tenant, offering flexibility and scalability. This is a rare opportunity to secure a well-positioned retail space in a desirable area of Lawrence. Interested parties are encouraged to inquire for further details and leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $22,294,188

  6.5%

  $20,579,250

  7%

  $19,109,304

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,476,724

  Geo Method

  $9,476,724

• Alternative Use

  Use

  Valuation

  Residential

  $25,518,270

  Hospitality

  $23,374,598

  Educational

  $19,447,392

  Medical

  $20,116,218

  Retail

  $30,251,498

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9418

Longitude

-95.2518

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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