4206 Nicklaus Drive

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4206 Nicklaus Drive

Lawrence, KS 66047
Asking Price
$140K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel spans 28,314 square feet of space.
  • The property is currently listed for sale at $139,900.
  • Located in the city of Lawrence within Douglas County.
  • Property is positioned in a growing Kansas university market.
  • Zoning and site footprint support versatile commercial development projects.

What's Special

Development of this 28,314-square-foot commercial land parcel in Lawrence, Kansas, offers a strategic position for investors or business owners targeting the local market. Situated at 4206 Nicklaus Drive, the site provides a blank canvas suitable for various commercial use cases, including professional office space or retail operations. Lawrence serves as a central hub within the region, benefitting from the presence of the University of Kansas and a consistent demographic profile that supports ongoing commercial expansion. The local economy is bolstered by a diverse mix of education, healthcare, and research sectors, providing a stable environment for new ventures. This property sits within an established area of the city, allowing for convenient access to major thoroughfares and nearby amenities. As the local submarket continues to see moderate growth, this parcel provides a functional opportunity for those looking to expand their real estate footprint in this university-anchored community.

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NOI
$80,000
Cap Rate
57.18%
DSCR
9.63
Strong
Cash-on-Cash
170.82%
Monthly Payment
$692.149
Annual Cash Flow
$71,694.214

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