Turnkey Restaurant Space with
619 Massachusetts St Lawrence, KS
For Sale
Contact for pricing
Renovated restaurant space in walkable, highly-visible area.
Property Size5,773 SF
Lot Size0.14 Acres
Price / SF$225.19
Days on Market256
Property Features for 619 Massachusetts St
General Information
- Standard status
- Active
- Size
- 5,773 SF
- Lot size
- 0.14 Acres
- Property subtype
- RETAIL
Properties For Sale
at 619 Massachusetts St Contact us
Listing Agency:
Colliers | Lawrence
(785) 865-3924
Listed By:
Allison Moore, SIOR
Source:
Moodyscre
Added: Nov 12, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Lawrence
Investment Insights
Based on property information with market context.
This renovated space, originally built in 1930 and updated in 2014, offers a blend of historic character and modern functionality. Previously home to a successful restaurant, the property is well-suited for food and beverage, retail, or creative office use. Located in a walkable, highly-visible area, this space is perfect for businesses looking to make a statement with a property that combines style, history, and practicality. The property has updated systems from a 2014 remodel and features hardwood flooring and large front windows providing natural light. Zoning is CD-UC (Community Urban Center). Private parking is available for $34 per month per spot. The property has a size of 5773 square feet and is located at 619 Massachusetts St, Lawrence, KS.
Key Highlights
- Turnkey Restaurant Opportunity: Previously a successful restaurant, offering potential for easy conversion and immediate operation.
- Prime Location: Situated in a walkable, highly‑visible area ideal for attracting customers and clients.
- Historic Charm & Modern Functionality: A unique blend of character from its 1930 build with updated systems from a 2014 remodel.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.9k | $30.12 |
| − Vacancy | −$4.0k | −$0.69 |
| EGI | $169.9k | $29.43 |
| − OpEx | −$51.0k | −$8.83 |
| NOI | $118.9k | $20.60 |
5,773 SF · lease $30.12/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.98M
NOI $118,918 @ 7.0% cap · market cap 9.15%
Second Best
Specialty Retail
$1.21M
$1.06M – $1.42M
NOI $84,970 @ 7.0% cap · market cap 6.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Globe Indian Food
Restaurant
Similar Off Market Nearby
- Schumm Food Co — 719 Massachusetts St, Lawrence, KS 66044
- Ike's OooWee BBQ — Lawrence, KS 66044
- Fun Time Video Amusement Co — 719 Massachusetts St, Lawrence, KS 66044
FAQs
What type of property is this?
Restaurant - Renovated restaurant space in walkable, highly-visible area.
Where is this restaurant located?
The property is located at 619 Massachusetts St Lawrence, KS.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Turnkey Restaurant Opportunity: Previously a successful restaurant, offering potential for easy conversion and immediate operation.; Prime Location: Situated in a walkable, highly‑visible area ideal for attracting customers and clients.; Historic Charm & Modern Functionality: A unique blend of character from its 1930 build with updated systems from a 2014 remodel.
