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    1001 Massachusetts St Lawrence, KS 66044

    Sponsored
    For Lease
    $85,950

    Iconic 17,190 SF Retail Space, Downtown Lawrence

    Lot size:
    17,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story retail property, situated at 1001-1003 Massachusetts Street in Lawrence, Kansas, presents a remarkable investment opportunity. Originally constructed in 1911 and extensively renovated in 2020, this 17,190 square foot building boasts a single-tenant occupancy and is currently vacant. The building's unique character is highlighted by its preserved historical features, including stunning tin ceilings, beautiful wood floors, and elegant marble accents. Its prime location at the southwest corner of 10th and Massachusetts Streets offers exceptional visibility and accessibility, situated at a signaled intersection. The property benefits from its proximity to ample city parking and is conveniently located just minutes from the University of Kansas campus. The zoning designation is CD, within the Downtown submarket of Douglas County. This property is ideal for a variety of retail uses, capitalizing on its high-traffic location and distinctive architectural details. The building's single-tenant configuration provides flexibility and ease of management. This is a rare chance to acquire a landmark property in a thriving downtown area. The property's size, location, and historical charm make it a truly unique offering.

    Property Features for 1001 Massachusetts St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,190 SF
    Total Rate
    85950

    Building Details

    Year Built/Renovated
    1911/2020
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space
    Size
    17,190 SF
    Rate per SF
    $85,950

    HighLights

    • 17,190 SF building.
    • 1911 construction.
    • $7,162.50/month, net‑net lease.
    • CD zoning.
    • New roof (2020).
    Property Profile Location Intelligence

    Current Use by Public Records

    Deluxe Nails & Spa Nail Salon

    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 - Iconic 17,190 SF Retail Space, Downtown Lawrence
    Where is this individual retail property located?
    The property is located at 1001 Massachusetts St Lawrence, KS.
    What is the lease rate?
    The lease rate is $85,950.
    What are key features of this property?
    This property features: 17,190 SF building.; 1911 construction.; $7,162.50/month, net-net lease.
    Request Owner's contact information
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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
    1001 Massachusetts St Lawrence, KS 66044
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