Lawrence, Kansas, is an attractive destination for investors seeking to capitalize on the city's strong retail market. With a population of around 90,000, Lawrence offers a diverse range of retail properties for sale, including 6 listings currently available. Retail properties in Lawrence are a sound investment opportunity, as they provide a stable source of income and the potential for long-term appreciation in value. These properties can take many forms, such as strip centers, shopping malls, and freestanding buildings, each offering unique benefits and opportunities. Lawrence's strong economy, driven by the presence of the University of Kansas and a diverse range of industries, ensures a consistent demand for retail space. The city's amenities, including its parks, trails, and recreational areas, also make it an attractive location for businesses and residents alike. Additionally, Lawrence's location, situated approximately 25 miles east of Topeka and 35 miles west of Kansas City, Kansas, provides easy access to major transportation hubs and a large customer base.
Lawrence's retail properties are just one aspect of the city's diverse commercial landscape. The city is also home to 6 shopping centers, offering a range of retail and dining options. Restaurants in Lawrence are another popular investment opportunity, with the city's thriving music and art scene driving demand for unique dining experiences. Office properties in Lawrence provide a stable source of income, with many businesses drawn to the city's strong economy and highly educated workforce. Hotels in Lawrence are also a sound investment, catering to the city's many visitors and tourists. With its strong economy, diverse range of industries, and attractive amenities, Lawrence is an excellent location for investors seeking to capitalize on the city's commercial opportunities.
What is the average cap rate for retail properties in Lawrence?
When it comes to retail properties in Lawrence, investors can expect an average cap rate of 7.9%. For those unfamiliar with this key metric, a cap rate, or capitalization rate, represents the rate of return on investment based on the property's net operating income and its current market value - to learn more, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Lawrence, Kansas, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated along Massachusetts Street, a hub for the city's music and art scene, tend to have higher values due to the increased foot traffic and exposure to potential customers, with an average price per square foot of $200 USD and an average size of 11,011 square feet, making them attractive investments for retailers and investors alike.
