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    1 Riverfront Plz Lawrence, KS 66044

    Sponsored
    For Sale
    $5,000,000

    Downtown Lawrence Office/Retail, High Potential

    Property size:
    44,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two buildings totaling 110,000 net rentable square feet situated at 1 Riverfront Plaza and 1 Riverfront Plz Bldg West in Lawrence, Kansas, 66044. Currently configured as office space, with 22% occupancy (22,000 sq ft leased to the City of Lawrence), this property offers significant redevelopment potential. The asking price is $5,000,000, translating to $45.45 per square foot. The property's location offers fantastic river views and is ideally positioned in downtown Lawrence, a vibrant city just 20 miles east of Topeka and 35 miles west of Kansas City. The surrounding area boasts a highly educated population, thanks to the presence of the University of Kansas, Haskell Indian Nations University, and Baker University. The property is zoned for multifamily or condo redevelopment, presenting a unique chance for owner-occupied or tenant redevelopment. The flexible space, ranging from 44,000 to 66,000 square feet per building, allows for diverse development options. This is a rare chance to acquire a substantial property in a thriving Kansas community with excellent growth prospects. The lease type is NNN, and the tenancy is multi.

    Property Features for 1 Riverfront Plz

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    44,000 SF

    Building Details

    Buildings
    2

    HighLights

    • Development opportunity in downtown Lawrence, KS.
    • Multifamily or condo redevelopment potential.
    • Exceptional river views.
    • Ideal for owner‑occupied or tenant redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    TDI Global Solutions, ... Packaging Company City Hall Riverfront ... Government Office Leo Center Benevolence Social Services Organization City of Lawrence, KS ... Urban Planning Department Lawrence Building Inspection City Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2334458
    Latitude
    38.973446

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Lawrence Office/Retail, High Potential
    Where is this office property / space located?
    The property is located at 1 Riverfront Plz Lawrence, KS.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Development opportunity in downtown Lawrence, KS.; Multifamily or condo redevelopment potential.; Exceptional river views.
    Request Owner's contact information
    1 Riverfront Plz Lawrence, KS 66044
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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
    1 Riverfront Plz Lawrence, KS 66044
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