3106 Iowa StLawrence, KS 66046

Property Details for 3106 Iowa St

Year built

1982

Lot size

17.42 AC

Property size (Sq ft)

96,860 SF

Property type

Community centers

APN

116-13-0-20-01-007.02-0

APU

1161302001007020

Description

Pine Ridge Plaza offers a fantastic retail opportunity in Lawrence, Kansas. This 235,000 square foot power center boasts a strong national tenant lineup including TJ Maxx, Michaels, Ross, and Kohl's, ensuring high foot traffic and brand synergy. The property is strategically located at the intersection of 31st and Iowa Street, a dominant retail corridor in Lawrence, less than five minutes from the University of Kansas campus. This high-visibility location benefits from nearly 38,000 vehicles per day passing by. Currently, a 2,190 square foot space is available, previously occupied as a restaurant. The space totals 2,910 square feet and presents a unique chance to establish or expand a business within a thriving college town known for its vibrant arts scene, live music venues, and rich history. Lawrence's dual university presence (University of Kansas and Haskell Indian Nations University) contributes to a robust and diverse consumer base. This is an exceptional opportunity to capitalize on the strong demographics and high traffic volume of this premier shopping center. The available space offers excellent visibility and is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $23,959,816

  6.5%

  $22,116,752

  7%

  $20,536,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,459,558

  Geo Method

  $17,459,558

• Alternative Use

  Use

  Valuation

  Residential

  $18,656,308

  Hospitality

  $17,089,078

  Educational

  $14,217,912

  Medical

  $14,706,888

  Retail

  $22,116,752

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9262

Longitude

-95.2582

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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