515 Mcdonald Dr Lawrence, KS 66049
This exceptional 57,889 square foot commercial lot in Lawrence, Kansas, presents a remarkable investment opportunity. Previously occupied by an America's Best Value Inn, the site is now cleared and ready for development. Located at a busy intersection in Douglas County, this property benefits from high visibility and convenient access, situated just off Highways 40/59 and Iowa (McDonald Dr.), between Lawrence Country Club and Centennial Park. The strategic location offers excellent exposure to a substantial customer base. Nearby businesses include Dunkin', Taco Bell, McDonald's, and Dollar General to the east, and Hampton Inn, Econo Lodge, Commerce Bank, and Dillons to the west, indicating a thriving commercial environment. The property is zoned CS and boasts existing on-site utilities, simplifying the development process. Its proximity to Kansas University further enhances its potential for a variety of commercial uses, making it an ideal site for retail, office, or other commercial ventures. The asking price is $540,000. This is a rare opportunity to acquire a well-positioned, cleared lot in a high-demand area. Don't miss out on this chance to build your business in a prime location. The address is 515 McDonald Dr, Lawrence, KS 66049.
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Super 8 Lawrence Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.