2500 6Th StLawrence, KS 66049

Property Details for 2500 6Th St

Year built

1973

Construction

FRAME

Lot size

0.94 AC

Property size (Sq ft)

10,218 SF

Property type

Office buildings

APN

067-26-0-40-02-006.00-0

APU

672604002006000

Description

This exceptional office property, located at 2500 W. 6th St., Lawrence, KS, offers three newly renovated suites ranging from 505 to 1,425 square feet. Situated in a thriving business district, this Class B property boasts a prime location with a brand-new Starbucks directly across the street on W 6th St. The property features two buildings, each two stories high, totaling 28,409 square feet on one acre of land. Built in 1987 and extensively renovated in 2022, the property offers modern amenities and a comfortable work environment. The flexible space caters to various business needs, accommodating coworking, traditional office, and creative office setups. Multiple tenancies are available. On-site management ensures smooth operations, and ample free parking is provided for tenants and their clients. Monument signage is available for enhanced visibility. The property is zoned RSO and its Douglas County APN is 023-067-26-0-40-02-006.00-0. This is a fantastic opportunity to establish or expand your business in a vibrant and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,719,442

  6.5%

  $1,587,177

  7%

  $1,473,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $730,894

  Geo Method

  $730,894

• Alternative Use

  Use

  Valuation

  Residential

  $1,968,100

  Hospitality

  $1,802,769

  Educational

  $1,499,883

  Medical

  $1,551,466

  Retail

  $2,333,151

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9719

Longitude

-95.2666

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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