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McGrew Real Estate Logo Active Commercial Sale Mixed-use

2500 West 31st Street #H, Lawrence, Kansas, 66047, USA

USD $550,000
Reference ID: 162257 Web ID: f9b9b
  • Unit H is two-story office or retail

  • 5,976 square feet total area

  • 3,576 sqft lower level

  • 2,400 sqft upper level

  • Part of eight-unit Long Island Business Center

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%)
  • Transaction Type: Commercial Sale
  • Property Type: Mixed-use
  • Status: Active
  • Year Built: 1991
  • Cooling: Central Air, Multi Units
  • Parking: Paved or Surfaced
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Businesses Nearby

Lulu's Latin Food

(2 miles away)

Big Mill

(3 miles away)

Latchkey Deli

(3 miles away)

The Roost

(3 miles away)

Merchants Pub & Plate

(3 miles away)

Delicias del Sur

(3 miles away)

715 Restaurant

(3 miles away)

Free State Brewing Company

(3 miles away)

Bon Bon!

(3 miles away)

J. Wilson's Restaurant

(4 miles away)
Public Transportation

No public transportation options found.

Airports

No nearby airports found.

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Property Highlights

  • Unit H is two-story office or retail

  • 5,976 square feet total area

  • 3,576 sqft lower level

  • 2,400 sqft upper level

  • Part of eight-unit Long Island Business Center