Incredible Redevelopment Opportunity 2 Office Properties Offered at $5,000,000 in Lawrence, KS
INVESTMENT HIGHLIGHTS
- Development Opportunity
- Fantastic River Views
- Multifamily Redevelopment
- Perfect for Owner Occupied or Tenant Redevelopment
EXECUTIVE SUMMARY
Formerly the Riverfront Plaza converted to office. 22,000 sf leased to City of Lawrence, Kansas, Approximately 90,000sf available.
Lawrence Kansas is located 20 miles East of Topeka and 35 miles West of Kansas City. Douglas County is home to the University of Kansas, Haskell Indian Nations University and Baker University. Very highly educated work force.
Lawrence Kansas is located 20 miles East of Topeka and 35 miles West of Kansas City. Douglas County is home to the University of Kansas, Haskell Indian Nations University and Baker University. Very highly educated work force.
TAXES & OPERATING EXPENSES (PRO FORMA - 2023) |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$1,107,000
|
PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
One Riverfront Plaza/West Side
1 Riverfront Plz, Lawrence, KS 66044 |
Office | 66,000 SF | 1989 | $4,000,000 |
|
One Riverfront Plaza/East Side
1 Riverfront Plz, Lawrence, KS 66044 |
Office | 44,000 SF | 1988 | $3,000,000 |
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