1 Riverfront PlzLawrence, KS 66044

For Sale
$4,000,000

Prime Lawrence Office, 66,000 SF, 6.16% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional three-story, Class B office building, located at 1 Riverfront Plaza in Lawrence, Kansas, presents a compelling investment opportunity. Boasting 66,000 square feet of space, the property offers a strong 6.16% capitalization rate and is priced at $4,000,000. Built in 1989, the building currently houses the City of Lawrence on the third floor through 2028, providing a stable income stream. The first floor is ideally suited for a call center tenant and includes existing furniture, fixtures, and equipment. Significant infrastructure is already in place, including a 10-ton Liebert AC unit, a Liebert AP600T 225 KVA UPS system, and a server room with a fire suppression system (requiring inspection). The property enjoys stunning views of the Kansas River and provides convenient access to downtown Lawrence. Its prime location and substantial square footage make it perfect for owner-occupancy or redevelopment, offering significant potential for future growth and return on investment. The multi-tenant configuration allows for diverse income streams and flexible occupancy options. This is a high-value property with a low price point, presenting a rare opportunity in the Lawrence, Kansas market. The property is situated in Douglas County, Kansas, zip code 66044.

Highlights

  • Exceptional Value: Below-Market Pricing.
  • Stunning Kansas River Views.
  • Prime Downtown Lawrence Location.
  • Ideal for Owner-Occupancy or Redevelopment.

Property Details for 1 Riverfront Plz

Property type
Other office properties, Residential offices
Square Feet
66,000 SF
Class
B
Year Built
1989
Stories
3

Location Insight

City
Lawrence
County
Douglas
State
Kansas
Latitude
38.973446
Longitude
-95.2334458
1 Riverfront Plz, Lawrence, Kansas

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1 Riverfront Plz
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