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OFF-MARKET
Retail properties & Spaces

1001-1003 Massachusetts St Lawrence, KS 66044

17,190 SF Built 1911
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1911
Total area 17,190 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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