1001-1003 Massachusetts St Lawrence, KS 66044
This exceptional three-story, 17,190-square-foot storefront property, located at 1001-1003 Massachusetts Street in Lawrence, Kansas, presents a remarkable investment opportunity. Originally constructed in 1911 and extensively renovated in 2020, this iconic building boasts a rich history as a former Masonic Temple. The property features unique architectural details including tin ceilings, hardwood floors, and marble accents, creating a captivating atmosphere. Situated at a highly visible, signaled intersection, this vacant building benefits from excellent street visibility and proximity to ample city parking. Its prime location offers easy access to the University of Kansas campus, ensuring high foot traffic and potential for diverse commercial uses. The building is zoned CD, allowing for a variety of commercial ventures. A new roof was installed in 2020, ensuring long-term structural integrity. The asking price for this landmark property is $1,300,000. This is a triple net (NN) lease opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.