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    623 Vermont St Lawrence, KS 66044

    Sponsored
    For Sale
    $1,450,000

    Prime Downtown Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a two-story, 5,850 square foot bar and restaurant located at 623 Vermont Street in the heart of Lawrence, Kansas. Built in 1920, this charming property boasts a rich history and significant street frontage, ideal for a thriving hospitality business. The asking price is $1,450,000. The building's substantial lot size offers ample space for outdoor seating or potential expansion. The property is zoned for commercial use and is situated in a vibrant, high-traffic area of Lawrence, ensuring excellent visibility and accessibility for customers. This sale includes the real estate only; the business operating within the building is sold separately. The property's prime location in Douglas County, Kansas, zip code 66044, offers easy access to local amenities and a strong customer base. The building's two stories provide versatile space for various operational needs, from dining areas and bars to kitchen facilities and storage. This is a rare chance to acquire a well-established property in a thriving Kansas city, perfect for an experienced restaurateur or savvy investor seeking a strong return. The property's age and character offer a unique ambiance, while its location ensures consistent foot traffic and high visibility. Serious inquiries are encouraged to explore this exciting opportunity further.

    Property Features for 623 Vermont St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1920
    Stories
    2

    HighLights

    • $1,450,000 asking price.
    • Retail property in Lawrence, Kansas.
    • Bar and Restaurant subtypes.
    • Built in 1920, two stories.
    • 5,850 square foot lot.
    • Located at 623 Vermont Street, Lawrence, KS 66044.
    Property Profile Location Intelligence

    Current Use by Public Records

    Johnny C's Deli ... Caterer Dempsey's Burger Pub Bar & Grill

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas, KS
    State
    Kansas
    Longitude
    -95.2373989
    Latitude
    38.9722365

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Location, High Potential
    Where is this restaurant located?
    The property is located at 623 Vermont St Lawrence, KS.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: $1,450,000 asking price.; Retail property in Lawrence, Kansas.; Bar and Restaurant subtypes.
    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
    623 Vermont St Lawrence, KS 66044
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