Lawrence KS Real Estate & Commercial for Sale

The possibilities are endless at this unique property on almost 2 acres just outside Lawrence & down the road from Tonganoxie. Roll up your sleeves & get to work. This property will require some sprucing up but has all kinds of potential. Currently used as an investment property that was recently generating $2,475 in monthly income, continue cashing in on its generous rent or renovate & live in the main home while earning passive income on the other 3 homes that reside on the property. Or, simply make it your own private home that provides plentiful storage options in the outbuildings. Do you have a dream of owning a small business? There's a 2nd home, once a train depot, plus detached garage that sits along the roadside & presents a great opportunity to catch passerbyers' attention or be a roadside stand from which to offer your goods or services. Explore the possibilities! Come see what this property priced UNDER INDEPENDENT APPRAISAL VALUE is all about!

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%)