1220 Biltmore DrLawrence, KS 66049

Property Details for 1220 Biltmore Dr

Year built

1998

Construction

FRAME

Lot size

1.38 AC

Property size (Sq ft)

9,545 SF

Property type

Medical offices

Property subtype

Medical centers

APN

068-33-0-20-01-002.36-0

APU

683302001002360

Description

This exceptional medical office building, located at 1220 Biltmore Drive in Lawrence, Kansas, presents a unique investment opportunity. Priced at $2,500,000, the property offers significant potential for growth and return. While the exact square footage is not currently available, the building is purpose-built for medical practices, offering a ready-made space for a variety of healthcare professionals. Its convenient Lawrence location ensures high visibility and accessibility for patients. The property sits on a lot of zero acres, indicating a compact and efficient design. The building's current configuration is ideal for immediate occupancy, minimizing upfront renovation costs and allowing for a swift start to operations. This is a turnkey solution for established medical practices seeking expansion or new ventures looking for a well-situated, functional space. The building's design and location make it an attractive option for a range of medical specialties. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed information regarding the building's specifications and layout will be provided upon request. This is a rare chance to acquire a well-positioned medical office building in a thriving Kansas community. Don't miss this chance to secure a valuable asset in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,606,192

  6.5%

  $1,482,639

  7%

  $1,376,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $682,754

  Geo Method

  $682,754

• Alternative Use

  Use

  Valuation

  Residential

  $1,838,473

  Hospitality

  $1,684,031

  Educational

  $1,401,094

  Medical

  $1,449,280

  Retail

  $2,179,480

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9642

Longitude

-95.309

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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