1600 23rd St, Lawrence, KS 66046-5014
This exceptional commercial land offering in Lawrence, Kansas, presents a unique investment opportunity. Located at 1600 E 23rd St, this property encompasses a sizable area ranging from 0.55 to 1.43 acres, providing ample space for various commercial ventures. The site is strategically positioned along a major thoroughfare, 23rd Street, which is undergoing significant road improvements slated for completion in Fall 2023. Upon completion, this area is projected to see approximately 25,000 vehicles daily, ensuring high visibility and accessibility for any business established here. The property is divided into two distinct lots. Lot 1 features the footprint of a former drive-thru bank building, offering potential for redevelopment or repurposing. Lot 2 presents a raw land pad, ideal for new construction tailored to specific business needs. This prime location in Douglas County, Kansas, zip code 66046, offers unparalleled potential for growth and return on investment, making it an attractive proposition for developers and entrepreneurs alike. The property's coordinates are 38.943184 latitude and -95.2150572 longitude.
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U.S. Bank Branch Bank Loan Service
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U.S. Bank ATM - Southeast Kansas Bank Check Cashing
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U.S. Bank-Selene Zepeda-Ortiz-Mortgage Loan Officer Loan Service Bank
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.