Property profile

2319 Louisiana St Lawrence, KS 66046

OFF-MARKET
Retail space
Property ID
US33-0890504
3,120 SF 0.44 ac lot Built 1966
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional C-Class storefront property, located at 2319 Louisiana St in Lawrence, Kansas, presents a compelling investment opportunity. Boasting 2,323 square feet of net rentable space, this retail building sits on a substantial 19,166 square foot lot, offering ample room for expansion or outdoor use. Constructed in 1966, the property is zoned C-5, allowing for a wide range of commercial uses. The asking price is $499,000, translating to $214.81 per square foot. Alternatively, the property is available for lease at $4,000 per month on a NNN (Net, Net, Net) basis. This means the tenant is responsible for property taxes, insurance, and maintenance, making it an attractive option for investors seeking a low-maintenance income stream. The property's prime location in Lawrence, Kansas, within Douglas County, and its convenient address on Louisiana Street, near the intersection of 23rd and Louisiana, ensures high visibility and accessibility for potential customers. This is a rare opportunity to acquire a well-situated retail space in a thriving Kansas community. The zip code is 66046. The property's coordinates are 38.9421831 latitude and -95.2422892 longitude.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1966
Construction FRAME
Total area 3,120 SF
Lot 0.44 ac (19,166 SF)
APN 111-12-0-10-01-001.02-0
UPID US33-0890504

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
  • Auto Repair Shop Vehicle Inspection Center

Location

2319 Louisiana St Lawrence, KS 66046-4719
Lawrence metro Census 904 LAWRENCE, KS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

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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