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    1516 23Rd St Lawrence, KS 66046

    For Sale
    Contact for pricing

    High-traffic location, excellent visibility. Lease this 4,000 sq ft space.

    Property size:
    6,960 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional retail opportunity is located at 1516 W 23rd Street in Lawrence, Kansas. The 4,000 square foot space is part of a larger building constructed in 2000, offering excellent signage and high visibility due to its placement in a high-traffic area. The lease rate is $12.00 per square foot, triple net (NNN), with estimated net operating expenses of $6.00 per square foot. The total building size is 6,960 square feet, situated on a one-acre lot. A successful and established Two Brothers BBQ restaurant is a neighboring tenant, providing additional foot traffic and brand synergy. This property presents a fantastic chance for businesses seeking a prominent location with strong visibility and a desirable neighboring tenant. The space is ideal for a variety of retail uses and offers significant potential for growth and success. The property is available for lease immediately. Serious inquiries only.

    Property Features for 1516 23Rd St

    General Information

    Property type
    Retail properties
    Square Feet
    6,960 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hog Wild Pit ... Caterer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.25323
    Latitude
    38.94306

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, excellent visibility. Lease this 4,000 sq ft space.
    Where is this retail property located?
    The property is located at 1516 23Rd St Lawrence, KS.
    What is the asking price?
    The asking price for this property is $4,000.
    (316) 260-5900
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    Lawrence, KS 66046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1516 23Rd St Lawrence, KS 66046
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