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    1350 3Rd St Lawrence, KS 66044

    Sponsored
    For Sale
    $825,000

    Established restaurant, 4,194 sq ft, vacant, $825,000

    Property size:
    4,194 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey restaurant opportunity is located at 1350 N. 3rd Street in Lawrence, Kansas, within Douglas County (zip code 66044). The property boasts a spacious 4,194 square foot building situated on a substantial 37,567 square foot lot. Built in 1995, the building is zoned CS and offers a versatile layout ideal for a variety of restaurant concepts. The interior features a large, open concept design with the option to incorporate an indoor stage and dance floor, catering to diverse entertainment needs. A significant asset is the expansive outdoor patio complete with a covered bar, perfect for expanding seating capacity and creating a vibrant atmosphere. The property benefits from excellent visibility and convenient access to major highways, including I-70, US 59, and US 40, ensuring high traffic flow and accessibility for patrons. Ample parking is available on-site. The asking price for this fully equipped restaurant is $825,000. Previous use was a bar and grill, making this a second-generation restaurant space. The property is currently vacant and ready for immediate occupancy. A previous lease rate was $7,500 per month, gross.

    Property Features for 1350 3Rd St

    General Information

    Property type
    Restaurants
    Square Feet
    4,194 SF

    Building Details

    Year Built
    1995

    HighLights

    • 37,567 SF lot.
    • 4,194 SF building.
    • 1995 construction.
    • CS zoning.
    • $7,500/month gross lease rate.
    • $825,000 sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fire Canyon Barbeque Food And Beverage Consultant

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2329891
    Latitude
    38.9962602

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    FAQs

    What type of property is this?
    Restaurant - Established restaurant, 4,194 sq ft, vacant, $825,000
    Where is this restaurant located?
    The property is located at 1350 3Rd St Lawrence, KS.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: 37,567 SF lot.; 4,194 SF building.; 1995 construction.
    Request Owner's contact information
    1350 3Rd St 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
    1350 3Rd St Lawrence, KS 66044
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