565 Wakarusa DrLawrence, KS 66049

Property Details for 565 Wakarusa Dr

Year built

2017

Lot size

1.89 AC

Property size (Sq ft)

10,681 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

068-28-0-00-00-023.00-0

APU

682800000023000

Description

This exceptional 2,500 square foot retail endcap space is situated at 565 Wakarusa Drive in Lawrence, Kansas, zip code 66049. Located on a highly visible corner lot at the intersection of West 6th Street and Wakarusa Drive, this property boasts a prime location within the Wakarusa & West submarket. The building, constructed in 2017, is a single-story Class B structure totaling 10,703 square feet and sits on a 1.89-acre lot. The space is currently vacant and immediately available for lease. The zoning is PCD. This is a single-suite property, with the entire 2,500 square feet available for lease. The minimum divisible space is 2,500 square feet, and the maximum contiguous space is also 2,500 square feet. This presents a unique opportunity for businesses seeking high visibility and accessibility in a thriving commercial area. The property's strategic location ensures significant foot traffic and exposure, making it ideal for a variety of retail uses. Don't miss this chance to establish your business in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,642,110

  6.5%

  $2,438,871

  7%

  $2,264,666

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,925,310

  Geo Method

  $1,925,310

• Alternative Use

  Use

  Valuation

  Residential

  $2,057,279

  Hospitality

  $1,884,456

  Educational

  $1,567,846

  Medical

  $1,621,766

  Retail

  $2,438,871

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.972

Longitude

-95.3079

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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