2319 Louisiana St Lawrence, KS 66046-4719
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.
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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
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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