Turnkey Restaurant Space with
For Sale
Contact for pricing
619 Massachusetts St, Lawrence, KS
Renovated restaurant space in walkable, highly-visible area.
Property Size5,773 SF
Lot Size0.14 Acres
Price / SF$225.19
Days on Market337
Property Features for 619 Massachusetts St
General Information
Standard status
Active
Size
5,773 SF
Lot size
0.14 Acres
Property subtype
RETAIL
Listing Agency:
Colliers | Lawrence
(785) 865-5100
Listed By:
Allison Moore, SIOR
(785) 865-3924
Source:
Moodyscre
Added: Nov 12, 2025
Changed: Jul 6
Last Checked: Oct 15 at 12:51AM
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
Estimated NOI and Cap Rate
NOI / Yr
$118,918
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,378,360
$2.4M
Cap Rate 7%
$1,698,829
$1.7M
Cap Rate 9%
$1,321,311
$1.3M
Market Conditions
NOI Build-Up for 5,773 SF
Gross rent
$173.9K $30.12/SF
− Vacancy
−$4.0K −$0.69/SF
EGI
$169.9K $29.43/SF
− OpEx
−$51.0K −$8.83/SF
NOI
$118.9K $20.60/SF
Area
Douglas County, KS
Vacancy
2.30%
Lease Rate
$30.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,378,360
Cap Rate 7%
$1,698,829
Cap Rate 9%
$1,321,311
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
64k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Apparel 26%
Hotels & Casinos 22%
Shops & Services 11%
TownePlace Suites Lawrence Downtown
Hotels & Casinos
10,918 visits/mo
0.3 miles
Rally House
Apparel
10,132 visits/mo
0.4 miles
Noodles & Company
Dining
8,736 visits/mo
0.2 miles
Pickleman's Gourmet Cafe
Dining
5,783 visits/mo
0.3 miles
Urban Outfitters
Apparel
5,239 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Fun Time Video Amusement Co — 719 Massachusetts St, Lawrence, KS 66044
- Schumm Food Co — 719 Massachusetts St, Lawrence, KS 66044
- Ike's OooWee BBQ — Lawrence, KS 66044
Frequently Asked Questions
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.
