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Incredible Redevelopment Opportunity

2 Office Properties Offered at £3,922,050 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.

Taxes & Operating Expenses (Pro forma - 2023)

Annual
Gross Rental Income -
Other Income -
Vacancy Loss -
Effective Gross Income -
Net Operating Income £868,342

Taxes & Operating Expenses (Pro forma - 2023)

Gross Rental Income
Annual -
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual -
Net Operating Income
Annual £868,342

Property Facts

Price £3,922,050 Status Active
Price / SF £35.65 / SF Number of Properties 2
Sale Conditions
Portfolio Sale
  • Tenants option to buy property
  • High Vacancy Property
  • Development Sale
 Individually For Sale 2
Net Initial Yield 22% Total Building Size 110,000 SF
Sale Type Investment Total Land Area 5.09 AC
Price £3,922,050
Price / SF £35.65 / SF
Sale Conditions
Portfolio Sale
  • Tenants option to buy property
  • High Vacancy Property
  • Development Sale
Net Initial Yield 22%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 2
Total Building Size 110,000 SF
Total Land Area 5.09 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
One Riverfront Plaza/East Side
1 Riverfront Plz, Lawrence, KS 66044 		Office 44,000 SF 1988 £2,353,230
One Riverfront Plaza/West Side
1 Riverfront Plz, Lawrence, KS 66044 		Office 66,000 SF 1989 £3,137,640
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(800) 530-5490

  • Listing ID: 8580744

  • Date on Market: 09/08/2017

  • Last Updated:

  • Address: Incredible Redevelopment Opportunity, Lawrence, KS

Office PROPERTIES IN NEARBY NEIGHBOURHOODS

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Incredible Redevelopment Opportunity portfolio of 2 properties for sale on LoopNet.co.uk Primary Photo- Image 1 of 4
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Incredible Redevelopment Opportunity portfolio of 2 properties for sale on LoopNet.co.uk Building Photo- Image 2 of 4
riverfront levy view
Incredible Redevelopment Opportunity portfolio of 2 properties for sale on LoopNet.co.uk Building Photo- Image 3 of 4
riverfront proximity to depot

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© 2024 CoStar Group

Incredible Redevelopment Opportunity
(800) 530-5490 x

Incredible Redevelopment Opportunity

Doug Brown

(800) 530-5490

(800) 530-5490

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