306 23Rd StLawrence, KS 66046

Property Details for 306 23Rd St

Year built

1977

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

2,396 SF

Property type

Medical offices

Property subtype

Medical centers

APN

103-06-0-30-36-009.00-0

APU

1030603036009000

Description

This exceptional commercial property located at 306 E 23rd Street, Lawrence, KS, presents a rare investment opportunity. Situated on a corner lot at the intersection of Barker and 23rd Street, this building boasts high visibility and excellent street frontage, ideal for a variety of commercial uses. The property is zoned RSO, offering flexibility for diverse business ventures. The building itself is in remarkable condition, a testament to its meticulous upkeep. The interior features several well-maintained offices, providing ample space for individual work areas or team collaboration. A welcoming lobby greets clients and visitors, creating a professional and inviting atmosphere. Furthermore, a sizable basement offers valuable storage space, addressing the practical needs of any business. The asking price for this turnkey commercial property is $459,000. Given its prime location, excellent condition, and versatile zoning, this property represents a significant opportunity for discerning investors seeking a high-return investment in a thriving Lawrence, Kansas commercial market. The property's size is not specified in the provided information. Serious inquiries are encouraged to schedule a viewing and explore the potential of this unique commercial offering.

• CAP approach

  CAP return

  Valuation

  6%

  $403,189

  6.5%

  $372,174

  7%

  $345,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $171,386

  Geo Method

  $171,386

• Alternative Use

  Use

  Valuation

  Residential

  $461,496

  Hospitality

  $422,728

  Educational

  $351,705

  Medical

  $363,800

  Retail

  $547,096

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9431

Longitude

-95.2329

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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