623 Vermont St Lawrence, KS 66044-2251
This exceptional investment opportunity presents a two-story, 5,850 square foot bar and restaurant located at 623 Vermont Street in the heart of Lawrence, Kansas. Built in 1920, this charming property boasts a rich history and significant street frontage, ideal for a thriving hospitality business. The asking price is $1,450,000. The building's substantial lot size offers ample space for outdoor seating or potential expansion. The property is zoned for commercial use and is situated in a vibrant, high-traffic area of Lawrence, ensuring excellent visibility and accessibility for customers. This sale includes the real estate only; the business operating within the building is sold separately. The property's prime location in Douglas County, Kansas, zip code 66044, offers easy access to local amenities and a strong customer base. The building's two stories provide versatile space for various operational needs, from dining areas and bars to kitchen facilities and storage. This is a rare chance to acquire a well-established property in a thriving Kansas city, perfect for an experienced restaurateur or savvy investor seeking a strong return. The property's age and character offer a unique ambiance, while its location ensures consistent foot traffic and high visibility. Serious inquiries are encouraged to explore this exciting opportunity further.
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Johnny C's Deli & Pasta of Lawrence Take-out & Catering Catering Service
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Dempsey's Burger Pub Bar & Pub Restaurant
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.