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Property profile

647 Massachusetts St Lawrence, KS 66044

OFF-MARKET
Retail properties & Spaces
Built 1949
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Property summary

AI-generated overview

This 1,016 square foot retail space at 647 Massachusetts Street in Lawrence, Kansas, presents a fantastic opportunity for businesses seeking a prime location in the heart of the city. Built in 1949, the property is zoned CD-UC and offers a single-tenant occupancy. Its location near the corner of Massachusetts and 7th Streets provides exceptional visibility and benefits from the high foot traffic of residents, students, and tourists along Lawrence's main thoroughfare. The property enjoys proximity to established national brands such as Starbucks and Cold Stone Creamery, creating a synergistic retail environment. Convenient parking options are available, including metered parking directly in front of the building, a nearby 2-hour parking lot to the west, and easy access to public transportation. This property is situated in Douglas County, Kansas, with a zip code of 66044. The property's high visibility and convenient location make it an ideal space for a variety of retail businesses seeking to establish a strong presence in a vibrant and thriving downtown area. The single-tenant occupancy provides flexibility and control for the tenant.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1949

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Specialty Food Shop
  • Cafe & Coffee Shop
  • Life Coach
  • Atm
  • (Bike/Boat/Book/etc) Store

Location

647 Massachusetts St Lawrence, KS 66044
Lawrence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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