501 Gateway DrLawrence, KS 66049

For Sale
$895,000

8,196 SF Office, Multi-Tenant, Owner/User Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This 8,196 square foot Class B office building, situated on a 20,909 square foot lot in Lawrence, Kansas' coveted Mesa Way office district, presents a compelling investment opportunity. Built in 1998 and zoned for commercial use, the property boasts a modified multi-tenant lease structure with two current tenants occupying 60% of the 3,920 square feet of net rentable space. The available space includes approximately 2,480 square feet on the first floor and 1,440 square feet in the basement, featuring a kitchen/break room and storage. The layout includes three private offices and an open cubicle area. The seller is offering financing options and is open to negotiating landlord improvements spread over the lease term. This central location, just off 6th Street and Lawrence Avenue, offers excellent visibility and accessibility. The asking price for the entire building is $895,000. This property is ideal for owner-occupiers seeking a blend of income generation and flexible space.

Property Details for 501 Gateway Dr

Property type
Other office properties, Office properties
Square Feet
8,196 SF
Class
B
Year Built
1998

Location Insight

City
Lawrence
County
Douglas
State
Kansas
Latitude
38.97210751
Longitude
-95.27680049
501 Gateway Dr, Lawrence, Kansas

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501 Gateway Dr
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