Investment Highlights
- 8,221 SF Freestanding Value-Add Retail Available at Substantial Discount Below Replacement Cost
- Built in 2003; Former Dollar General with Open Floor, Rear Storage Room, and Side Door for Deliveries
- Corner Lot with Pylon Signage | City Hall and Municipal Court Adjacent
- Positioned on a Main Thoroughfare within 1-Mile of Lawson’s Elementary, Middle, and High Schools
- Zoned C-1, Central Business District with a Variety of Commercial Uses including Retail, Office, and More
- Attractive Demographics with ±38,101 People and Annual Household Income of ±$93,238 within a 10-Mile Radius
- Absolute $1 Auction – NO RESERVE!
Offering Summary
Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 105 North Pennsylvania Avenue in Lawson, Ray County, Missouri (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. FIRST BID MEETS RESERVE!
Built in 2003, the Property is improved with a one-story, free-standing, single tenant, retail building totaling ±8,221 square feet, and offers 26 surface parking spaces. The Property is strategically positioned on one parcel totaling ±0.67 Acres or ±28,992 SF of land and can be accessed via ingress/egress curb cuts along the fronting arterials. The Property was formerly occupied by Dollar General on a net lease and offers potential owner users/investors the ability to acquire a free-standing building with significant value add through lease up at long term market rates (CoStar estimated rents of $7-8/SF NNN). Zoned “C-1” Central Business District, this zoning offers favorable flexible zoning allowing for a variety of retail uses via adaptive reuse or repositioning.
The Property is located within the Kansas City MSA about ±45-minutes northeast of the Kansas City International Airport. Located ±20 minutes from Liberty, Lawson is the perfect place to offer both access to Kansas City, along with a quiet, safe, country-like atmosphere. The Property is located along the along the northwest corner of N. Pennsylvania Avenue and 2nd Street. Lawson serves as a residential and service hub for the surrounding rural areas, providing essential amenities such as schools, healthcare facilities, and local businesses for the County. The Property is located near education demand drivers and is in immediate proximity to Southwest Elementary School (±385 students), Lawson High School (±340 students), Lawson Middle School (±350 students), and ±40-min from Kansas City University with ±11,000 students. This former Dollar General is located adjacent to Lawson’s City Hall, Municipal Court, and Community Center near Lawson City Park. Nearby retailers include Casey’s, Central Bank, Sonic, Subway, DG Market, Goppert Financial Bank, and many other local retailers and businesses. Leisure demand drivers include Close proximity to Lawson Lake and Hidden Valley Golf Course. The Property is positioned in an affluent area with ±7,363 people with an AHHI of $102,689 within a 5-mile radius and ±38,101 people with an AHHI of $93,238 within an expanded 10-mile area.
