Auction Information
Online Bidding SiteAbsolute $1 Auction - 0.69 AC Parcel
Absolute $1 Auction
Marketplace Online Auction Sept. 21-23, 2021
Commercial Land Located in Industrial Hub
Investment Highlights
Must-Sell Absolute Auction With No Reserve
Commercial Lot in Industrial Hub: 0.69 acres of commercial land located in an industrial hub with compelling visibility to 2nd Street in North Lawrence.
Strong Retail Demand in High Density Submarket: North Lawrence represents a population of 52,376 with an average household income of $65,373 in a 3-mile radius of the subject property.
Motivated Seller: The subject property is a bank-owned property that will be selling at a low cost basis.
Offering Details
Cushman & Wakefield and RealINSIGHT Marketplace are pleased to present an Absolute $1 Auction: 0.69 AC Land Parcel (The "Property"), a land parcel zoned for commercial usage located in Lawrence, Kansas. The Property is a 0.69 AC unimproved land parcel that is zon...
Cushman & Wakefield and RealINSIGHT Marketplace are pleased to present an Absolute $1 Auction: 0.69 AC Land Parcel (The "Property"), a land parcel zoned for commercial usage located in Lawrence, Kansas. The Property is a 0.69 AC unimproved land parcel that is zoned for commercial usage in an industrial hub with compelling visibility to 2nd Street in North Lawrence. The location offers attractive demographic qualities with North Lawrence representing a population of 52,376 while demonstrating an average household income of $65,373 in a 3-mile radius of the subject property. The Property is available as an absolute auction with no reserve price thereby allowing a new opportunistic investor to take advantage of a low cost-basis opportunity from a motivated publicly-traded financial institution.
The economy of Lawrence employs 56k people. The largest industries in Lawrence are Educational Services, Retail Trade, and Health Care & Social Assistance, and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($145,278), Utilities ($84,653), and Public Administration ($53,000). In 2019, the place with the highest Median Household Income in Lawrence was Census Tract 16 with a value of $100,606, followed by Census Tract 12.01 and Census Tract 6.04, with respective values of $93,864 and $84,536.
Auctioneer:
Richard Shawn Terrel
c/o Fisher Auction Company Inc.
License: 00216208
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