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    5015 Bob Billings Pkwy Lawrence, KS 66049

    Sponsored
    For Sale
    $350,000

    2.6-Acre Corner Lot, IBP Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.6-acre commercial land parcel presents a unique investment opportunity in Lawrence, Kansas. Strategically located on Bob Billings Parkway, just west of Wakarusa Drive, this property enjoys high visibility on one of Lawrence's primary office and retail thoroughfares. The IBP zoning allows for a variety of commercial uses, making it ideal for developers or businesses seeking a prominent location. The expansive 116,673 square foot lot offers ample space for new construction or expansion. Its convenient corner location ensures excellent accessibility and exposure to a high volume of traffic. Situated only three miles from the University of Kansas, this property benefits from the proximity to a large and diverse population base. Furthermore, its close proximity to K-10 highway (1.25 miles) provides easy access to regional transportation networks. Priced competitively at $350,000, this property represents a compelling investment opportunity with significant potential for future growth and return. Don't miss the chance to acquire this prime commercial land in a thriving Kansas community. The address is 5015 Bob Billings Pkwy, Lawrence, KS 66049, in Douglas County.

    Property Features for 5015 Bob Billings Pkwy

    General Information

    Property type
    Land

    HighLights

    • $350,000 asking price.
    • 2.6‑acre corner lot (approx. 116,673 SF).
    • IBP zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Pharmacy 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
    -95.311333
    Latitude
    38.956395

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    FAQs

    What type of property is this?
    Land - 2.6-Acre Corner Lot, IBP Zoning
    Where is this land located?
    The property is located at 5015 Bob Billings Pkwy Lawrence, KS.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; 2.6-acre corner lot (approx. 116,673 SF).; IBP zoning.
    (785) 865-3924
    Request Owner's contact information
    5015 Bob Billings Pkwy Lawrence, KS 66049
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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
    5015 Bob Billings Pkwy Lawrence, KS 66049
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