1800 23Rd St Lawrence, KS 66046
- Community centers
- 48,786 SF
- 4.86 lot acres
Current Use by Public Records
- Subway / Caterer / Sandwich Shop
- Z's Divine Espresso / Espresso Bar / Coffee Roasters
- Prime Martial Arts / Martial Arts School
- Roto-Rooter Plumbing & Water Cleanup / Water Testing Service / Contractor
- Salvation Army / Thrift Store
Property Details for 1800 23Rd St
- Year built
- 1999
- Lot size
- 4.86 lot acres
- Property size
- 48,786 SF
- Property type
- Community centers
- APN
- 103-05-0-40-01-007.01-0
- APU
- 1030504001007010
Description
This exceptional retail investment opportunity is located at 1800 E 23rd St, Lawrence, KS 66046, within the thriving Douglas County market. The property, known as 10 Marketplace, is a well-maintained strip center totaling 56,443 square feet, originally constructed in 1999. Currently, there are several spaces available, ranging from a minimum of 850 square feet to a maximum contiguous space of 2,290 square feet. A significant portion of 7,272 square feet is currently vacant, presenting a substantial opportunity for immediate occupancy or lease-up. The flexible space allows for a variety of retail uses, catering to diverse business needs. The property's strategic location on E 23rd St ensures high visibility and accessibility, attracting a substantial customer base. The available space includes a former 15,128 square foot call center, offering a unique layout adaptable to various retail configurations. This property represents a compelling investment prospect in a dynamic and growing market. The minimum divisible space is 850 square feet, making it suitable for smaller businesses, while the larger contiguous spaces cater to businesses requiring more extensive footprints. This prime retail location offers a blend of established infrastructure and significant growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,480,000
- 6.5%
- $1,600,000
- 7%
- $1,630,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,515,000
- Geo Method
- $1,340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,495,000
- Retail
- $1,270,000
- Mixed-Use
- $1,525,000
- Hospitality
- $1,595,000
- Educational
- $1,390,000
- Residential Income
- $1,320,000
- Energy
- $1,405,000
- Income-Based Land
- $1,540,000
- Food Service
- $1,225,000
Location Insight
- Map
- Local Demand
- City
- Lawrence
- County
- Douglas
- State
- Kansas
- Longitude
- -95.2116
- Latitude
- 38.9433
- CBSA code
- 29940
- CBSA name
- LAWRENCE, KS METROPOLITAN STATISTICAL AREA
