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Property profile & analytics
OFF-MARKET
Retail space

623 Vermont St Lawrence, KS 66044-2251

2,494 SF 0.13 ac lot Built 1920
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US33-0888067
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction FRAME
Total area 2,494 SF
Lot 0.13 ac (5,663 SF)
APN 079-30-0-30-17-008.00-0
UPID US33-0888067
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
  • Johnny C's Deli & Pasta of Lawrence Take-out & Catering Catering Service
  • Dempsey's Burger Pub Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lks Management LLC · 5 yrs held
Lks Management LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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