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    Side 1 Riverfront Plaza/East Lawrence, KS 66044

    For Sale
    $3,000,000

    Prime Lawrence, KS Office Redevelopment

    Property size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional three-story, 45,000 square foot Class B office building in Lawrence, Kansas, presents a compelling redevelopment opportunity. Located at One Riverfront Plaza, this property boasts stunning Kansas River views and an open floor plan across all three levels. Currently zoned C-3, it offers significant potential for conversion into multifamily units, storage facilities, or additional office/retail space. The top two floors are vacant and require upfitting, presenting a blank canvas for creative vision. The building was formerly an outlet center, converted to office space. Ample parking is available, with a ratio of 6.67 spaces per 1,000 square feet. The property's prime location in Lawrence, home to the University of Kansas and Haskell Indian Nations University, ensures access to a highly educated workforce. Its proximity to Topeka (20 miles east) and Kansas City (35 miles west) further enhances its strategic appeal. The asking price of $3,000,000 ($66.67/sq ft) makes this a highly attractive investment opportunity for owner-users seeking a prime location with significant redevelopment potential. Built in 1988, the property features an expansive footprint with the possibility of eastward expansion into the existing parking lot. The property's APN is 023-079-30-0-30-22-001.01-0. This is a rare chance to acquire a substantial property in a thriving Kansas community.

    Property Features for Side 1 Riverfront Plaza/East

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    45,000 SF
    Class
    B

    Building Details

    Year Built
    1988
    Stories
    3

    HighLights

    • $3,000,000 asking price for a 45,000 square foot Class B office building.
    • Excellent redevelopment opportunity for office, retail, or multifamily uses.
    • Enjoy stunning Kansas River views.
    • Highly competitive pricing to facilitate a quick sale.
    • Open floor plan across all three levels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2343576
    Latitude
    38.9730395

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Lawrence, KS Office Redevelopment
    Where is this office property / space located?
    The property is located at Side 1 Riverfront Plaza/East Lawrence, KS.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price for a 45,000 square foot Class B office building.; Excellent redevelopment opportunity for office, retail, or multifamily uses.; Enjoy stunning Kansas River views.
    (800) 530-5490
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    Side 1 Riverfront Plaza/East Lawrence, KS 66044
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    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
    Side 1 Riverfront Plaza/East Lawrence, KS 66044
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