1031 Vermont StLawrence, KS 66044

Property Details for 1031 Vermont St

Year built

1975

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

5,526 SF

Property type

Office buildings

APN

079-31-0-20-28-007.00-0

APU

793102028007000

Description

This exceptional creative office space, located at 1031 Vermont St in Lawrence, Kansas, offers a unique opportunity for businesses seeking a vibrant and functional workspace. The property, built in 1975 and extensively renovated in 2020, boasts a total of 5,500 square feet and is currently configured as a multi-tenant building. One space of 120 square feet is currently available. The building is zoned CD, providing flexibility for a variety of commercial uses. Tenants benefit from a full-service lease, eliminating the hassle of managing utilities. High-speed internet access, both wired and Wi-Fi, is included, ensuring seamless connectivity. A shared, well-equipped kitchen and conference rooms provide convenient amenities for all tenants. Furthermore, a shared commercial printer, scanner, and fax machine are available for added convenience. This turn-key solution allows businesses to focus on their core operations, minimizing overhead and maximizing productivity. The property's prime location in Lawrence, Kansas, zip code 66044, offers easy access to local amenities and transportation. This is an ideal opportunity for businesses seeking a modern, efficient, and collaborative work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $929,892

  6.5%

  $858,362

  7%

  $797,050

• Comparable approach

  Method

  Valuation

  Relative Method

  $395,275

  Geo Method

  $395,275

• Alternative Use

  Use

  Valuation

  Residential

  $1,064,369

  Hospitality

  $974,956

  Educational

  $811,152

  Medical

  $839,049

  Retail

  $1,261,792

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9645

Longitude

-95.2374

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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