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    1001-1003 Massachusetts St Lawrence, KS 66044

    Sponsored
    For Sale
    $1,300,000

    Historic storefront, 17,190 SF, $1.3M

    Property size:
    17,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story, 17,190-square-foot storefront property, located at 1001-1003 Massachusetts Street in Lawrence, Kansas, presents a remarkable investment opportunity. Originally constructed in 1911 and extensively renovated in 2020, this iconic building boasts a rich history as a former Masonic Temple. The property features unique architectural details including tin ceilings, hardwood floors, and marble accents, creating a captivating atmosphere. Situated at a highly visible, signaled intersection, this vacant building benefits from excellent street visibility and proximity to ample city parking. Its prime location offers easy access to the University of Kansas campus, ensuring high foot traffic and potential for diverse commercial uses. The building is zoned CD, allowing for a variety of commercial ventures. A new roof was installed in 2020, ensuring long-term structural integrity. The asking price for this landmark property is $1,300,000. This is a triple net (NN) lease opportunity.

    Property Features for 1001-1003 Massachusetts St

    General Information

    Property type
    Individual retail properties
    Square Feet
    17,190 SF

    Building Details

    Year Built/Renovated
    1911/2020
    Buildings
    1
    Stories
    3

    HighLights

    • 17,190 SF building.
    • 1911 construction.
    • $1,300,000 asking price.
    • CD zoning.
    • New roof (2020).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -95.2362522
    Latitude
    38.9654681

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    FAQs

    What type of property is this?
    Individual retail property - Historic storefront, 17,190 SF, $1.3M
    Where is this individual retail property located?
    The property is located at 1001-1003 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: 17,190 SF building.; 1911 construction.; $1,300,000 asking price.
    Request Owner's contact information
    1001-1003 Massachusetts St 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
    1001-1003 Massachusetts St Lawrence, KS 66044
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