2500 W 31st ST Active Save Request In-Person Tour Request Virtual Tour
Lawrence,KS 66047
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2516199
Year Built 1991
Annual Tax Amount $16,824
Lot Size 3,600 Sqft
Property Sub-Type Office
Property Description
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%)
Location
State KS
County Douglas
Zoning CS
Exterior
Utilities Available Electric to Site,Gas to Site,Telephone On-Site,Sanitary Sewer,Water/Sewer
Building
Story 2
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional