2500 W 31st St - Office CONDO FOR SALE


Lawrence, KS 66047
$550,000 USD
800-530-5490
2500 W 31st St, Lawrence, KS for Sale
$550,000 USD
Office CONDO - FOR SALE
1/40
null | 8.6% Cap Rate

2500 W 31st St
Lawrence, KS 66047


HIGHLIGHTS

  • High Commercial Activity Area
  • Located on Major Arterial
  • Potential for High Return

OVERVIEW

Current Income: The lower level is currently leased below market value at $3,500 per month, offering a cap rate of 3.7%. Upside Potential: With the upper level easily commanding a rental rate of $2,250 per month, the potential cap rate increases substantially to an impressive 8.6%. This presents an attractive opportunity for investors seeking to maximize returns.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

8.6%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Unit H 2500 W 31st

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

26,867 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

CS

APN/PARCEL ID

023-111-11-0-40-11-009.02-0

ASK ABOUT THIS PROPERTY

Doug BrownMcGrew CommercialMore Info
800-530-5490

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Doug BrownMcGrew CommercialMore Info
800-530-5490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.