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Property profile & analytics
FOR LEASE
Turn key restaurants

3080 Iowa St Lawrence, KS 66046

6,164 SF 1.37 ac lot Built 2004
Entity Owned 22-yr Hold Absentee Owner Free & Clear
Property ID
US33-0886919
Property summary
AI-generated overview

This exceptional 6,153-square-foot retail space, situated on a prominent corner lot at 31st Street and Iowa Street in Lawrence, Kansas, presents a unique investment opportunity. Previously a restaurant, this single-tenant building sits on 1.36 acres of land in Douglas County. Its prime location benefits from high visibility and accessibility, anchored by major retailers such as Best Buy and Home Depot, ensuring substantial foot traffic and brand recognition. The property boasts ample on-site parking, a significant advantage in a busy retail environment. This freestanding building is surrounded by a vibrant mix of national retailers, including Target, Walmart, World Market, TJ Maxx, Bed Bath & Beyond, Michaels, Ross, Kohl's, Regal Cinemas, Dick's Sporting Goods, PetSmart, Ulta, and Menard's, creating a strong synergy and attracting a diverse customer base. The property's existing infrastructure, suitable for a restaurant or similar business, minimizes initial setup costs and allows for a swift transition to operations. This is a rare opportunity to acquire a well-positioned retail space in a thriving commercial area with significant potential for growth and return on investment. The zip code is 66046.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Construction FRAME
Total area 6,164 SF
Lot 1.37 ac (59,677 SF)
APN 111-12-0-30-13-004.00-0
UPID US33-0886919
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
$628k
Blend (final) Blend
$550k
Owner & transaction history
IOWA & 31ST REAL EST VENTURE LLC
IOWA & 31ST REAL EST VENTURE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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