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1116 W 23rd St

7,622 SF 100% Leased Retail Building Lawrence, KS 66046 $1,350,000 ($177/SF) 8.25% Cap Rate

Retail Buildings Kansas Lawrence 1116 W 23rd St, Lawrence, KS 66046

Investment Highlights

  • Value-Add Opportunity; 100% leased multi-tenant retail center with multiple below-market rents coming due
  • Strong Demographics; Asset is located within a densely populated area of Lawrence with over 97,432 residents and an average hh income of $83,900
  • Easily Accessible Site; Ingress/Egress from West 23rd Street and excellent visibility with over 30,039 VPD
  • Location, Location, Location!; Within a mile from the University of Kansas, the largest college in the state, with over 28,000 students enrolled
  • Top Performing Shadow Anchored; Property is a direct outlot to a top-performing Dillons, ranked in the top 80th percentile in the state

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,622 SF
Building Class
C
Year Built
1986
Price
$1,350,000
Price Per SF
$177
Cap Rate
8.25%
NOI
$111,375
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.68 AC
Zoning
CS
Parking
30 Spaces (3.94 Spaces per 1,000 SF Leased)
Frontage
161 FT on 23rd St

Amenities

  • Monument Signage

Links

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Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Commerce Bank
Dillons
Starbucks
Natural Grocers
Perkins Restaurant & Bakery
Hawaiian Bros Island Grill
Checkers
Champs Chicken
Rent-A-Center
Texas Roadhouse

PROPERTY TAXES

Parcel Number 023-111-01-0-40-20-014.01-0 Improvements Assessment $188,270
Land Assessment $171,455 Total Assessment $359,725

PROPERTY TAXES

Parcel Number
023-111-01-0-40-20-014.01-0
Land Assessment
$171,455
Improvements Assessment
$188,270
Total Assessment
$359,725
(312) 269-0220

Contact

  • Listing ID: 33537149

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 1116 W 23rd St, Lawrence, KS 66046

More public record information on 1116 W 23rd St, Lawrence, KS 66046

The Retail Property at 1116 W 23rd St, Lawrence, KS 66046 is currently available for sale. Contact Quantum Real Estate Advisors, Inc for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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1116 W 23rd St
(312) 269-0220 x

1116 W 23rd St

Chad Firsel

(312) 269-0220

(312) 269-0220

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