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    Property profile & analytics
    FOR SALE
    Flex space

    609 New Hampshire St, Lawrence, KS 66044

    32,208 SF 1.59 ac lot Built 1955
    Entity Owned Free & Clear
    Property ID
    US33-0831609
    Property summary
    AI-generated overview

    This exceptional 56,259 square foot industrial property, built in 1955, presents a unique mixed-use redevelopment opportunity in the heart of downtown Lawrence, Kansas. Located at 609 New Hampshire Street, this Class C property boasts a prominent location with frontage on Massachusetts and 6th Streets, offering unparalleled visibility and accessibility. The 9,100 square foot lot features two dock-high doors and impressive 24-foot ceilings, providing ample space for creative repurposing. The property is zoned CD, allowing for a wide range of development possibilities, including high-density residential, hotel, convention center, and entertainment venues. Its strategic location within the entertainment district places it near numerous restaurants, concert halls, nightclubs, and boutique shops, ensuring high foot traffic and strong potential for success. The site benefits from abundant street parking and nearby surface lots, adding to its convenience. Furthermore, its position as a north anchor to downtown Lawrence makes it a visible gateway to the city's thriving urban core. The property's location within a qualified opportunity zone and new market tax credit zone offers significant financial incentives for investors. Nearby major employers, including the University of Kansas (with over 24,000 students) and several prominent hotels and hospitals, provide a substantial workforce and customer base. Easy access to major highways, K-10 (4 miles) and I-70 (2 miles), ensures excellent connectivity. This is an unparalleled chance to capitalize on the vibrant Lawrence market and create a landmark development. Asking price: $3,125,000.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1955
    Total area 32,208 SF
    Lot 1.59 ac (69,260 SF)
    APN 079-30-0-30-19-003.01-0
    UPID US33-0831609
    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
    Current use
    Occupant on record · Public records
    • PRP Injections Clinic Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $850k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.46M
    Blend (final) Blend
    $1.16M
    Owner & transaction history
    WORLD CO
    WORLD CO
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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