$550,000
( )
 $3,298 forsale estimated payment Sourced by Back At You

2500 W 31st Street , Lawrence, KS 66047

Lawrence, KS 66047

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Description

Unit "H" is a large, two story office or commercial retail space located within Long Island Business Center. Totally 5,976 square feet (3,576 lower level, 2,400 upper level) this adaptable space is customizable and will appeal to a wide array of business owners or investors. Whether you envision it as a flagship retail store, a dynamic office headquarters, or a lively coworking hub, Unit H provides the versatility to bring your ideas to life. Being part of an optimally located 8-unit building that has been a cornerstone of the local business community since 1991 speaks volumes about the stability and desirability of the location. Association dues cover water, trash, exterior maintenance, building insurance, lawn care, and snow removal. Additionally, the lower level is currently leased, with the possibility of owner occupancy. Currently leased for $3,500/month (cap rate 3.7%) with a potential to gain $2,250 (Total $5,750) renting the upper level(potential cap rate 8.6%)

Details

Mls2516199
Listing TypeFor Sale
StyleOffice Bldg
SubtypeResale
StatusActive
Year1991
Days On Site46
Listing Provided ByMcGrew Real Estate Inc | Bailey Stuart

Features

Storys2
ZoningCS
Acreage0.08
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Learn More About This Property

StateKS
CountyDouglas, KS
CityLawrence
Zip Code66047
Area450 Douglas County | KS
Listing VS Median (in 66047)
Price:
$550,000
low | high
Med:
$395,000
78.181818181818% of Average
On Site:
46
low | high
Med:
39.000000
100% of Average
Sourced by Back At You
Listing Updated: November 26, 2024 at 1:29:14 AM PST