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    1105 Massachusetts St Lawrence, KS 66044

    Sponsored
    For Sale
    $400,000

    Turnkey Restaurant/Bar, Liquor License Included

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,500 square foot turnkey restaurant and bar is available for sale at $400,000. Located at 1105 Massachusetts Street in the heart of Lawrence, Kansas' vibrant downtown Mass Street district, this property presents a rare opportunity. The sale includes a valuable liquor license and all furniture, fixtures, and equipment (FF&E) for both the bar and kitchen areas, allowing for immediate operation. The property is currently vacant, offering a blank canvas for a new owner to establish or relocate their business. The lease is a Net lease, offering favorable terms. The seller is open to exploring creative financing options, making this an attractive investment for qualified buyers. This prime location within the bustling Mass Street district ensures high visibility and foot traffic, providing a strong foundation for success. The property's substantial size provides ample space for both dining and bar areas, as well as potential for expansion or modification to suit a specific concept. This is a unique chance to acquire a well-established business location with a readily transferable liquor license in a highly desirable area. The address is 1105 Massachusetts St, Lawrence, KS 66044, in Douglas County.

    Property Features for 1105 Massachusetts St

    General Information

    Property type
    Restaurants
    Square Feet
    7,500 SF

    HighLights

    • $400,000 asking price for a 7,500 SF vacant retail space.
    • Net lease, restaurant/bar property with a liquor license and all FF&E included.
    • Located on Massachusetts Street in the heart of downtown Lawrence, Kansas.
    • Established bar opportunity with a rare liquor license and favorable lease terms.
    • Seller financing options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    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
    State
    Kansas
    Longitude
    -95.2362874
    Latitude
    38.96346

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant/Bar, Liquor License Included
    Where is this restaurant located?
    The property is located at 1105 Massachusetts St Lawrence, KS.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price for a 7,500 SF vacant retail space.; Net lease, restaurant/bar property with a liquor license and all FF&E included.; Located on Massachusetts Street in the heart of downtown Lawrence, Kansas.
    Request Owner's contact information
    1105 Massachusetts 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
    1105 Massachusetts St Lawrence, KS 66044
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