1350 3Rd StLawrence, KS 66044

Property Details for 1350 3Rd St

Year built

1995

Construction

FRAME

Lot size

0.86 AC

Property size (Sq ft)

4,194 SF

Property type

Turn key restaurants

APN

074-19-0-10-02-006.04-0

APU

741901002006040

Description

This exceptional 4,194 square foot restaurant in Lawrence, Kansas, presents a unique turnkey opportunity. Located at 1350 N. 3rd Street, this single-tenant property boasts a spacious, open-concept layout ideal for a variety of culinary ventures. An optional indoor stage and dance floor add versatility, while a large outdoor patio complete with a covered bar provides ample space for al fresco dining and entertainment. The property benefits from excellent visibility and convenient access, strategically positioned near major thoroughfares including I-70, US 59, and US 40 Highways. Ample parking is available for patrons and staff. Situated in Douglas County, Kansas, with a zip code of 66044, this property is in a prime location within the vibrant city of Lawrence. The property's design and features make it ready for immediate occupancy, minimizing setup time and maximizing return on investment. This is an exceptional opportunity for an established restaurant or a new concept looking for a move-in ready space with significant potential. The property is classified as retail, specifically a restaurant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,069,467

  6.5%

  $987,200

  7%

  $916,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $755,992

  Geo Method

  $755,992

• Alternative Use

  Use

  Valuation

  Residential

  $832,740

  Hospitality

  $762,785

  Educational

  $634,629

  Medical

  $656,454

  Retail

  $987,200

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9964

Longitude

-95.233

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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