For Sale
$2,600,000

421 Van Buren St Topeka, KS 66603

200,000 SF, 1.55 Acres, $2.6M

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a unique chance to redevelop a 200,000 square foot, single-building property situated on a 1.55-acre lot in Topeka, Kansas. Currently zoned C4, this mixed-use, multifamily property offers significant potential for conversion into loft-style apartments. The existing structure, which has undergone recent renovations, is structurally sound according to a recent professional survey. Preliminary architectural plans suggest the potential for 40-50 apartment units within the existing building, with additional expansion possibilities on the ample land. Desirable existing features, such as a pool, spa, and walking track, could be repurposed to enhance the residential experience. The property's location in Shawnee County, Kansas, offers a prime opportunity for a multifamily developer seeking a unique project with substantial upside. The asking price is $2,600,000. Detailed plans are available upon request. This property consists of five contiguous parcels totaling approximately 2.74 acres, providing significant flexibility for development. The property's address is 421 SW Van Buren St, Topeka, KS 66603, and its APN is 089-109-31-0-10-17-001.00-0. This is a rare opportunity to acquire a large-scale property with significant redevelopment potential in a desirable location. The seller is open to discussing various development agreements.

Highlights

  • 200,000 SF single-building property on a 1.55-acre lot in Topeka, KS.
  • C4 mixed-use zoning, suitable for multifamily conversion.
  • Structurally sound building with potential for 40-50 loft-style apartments.
  • Existing amenities include a pool, spa, and walking track.
  • Asking price: $2,600,000.

Property Details for 421 Van Buren St

Property type
Specialty properties, Mixed-use properties
Square Feet
200,000 SF
Class
C
Buildings
1
Lot Size (sq. ft)
67,518 SF
Units
1

Location Insight

City
Topeka
County
Shawnee
State
Kansas
Latitude
39.0548087
Longitude
-95.675625
421 Van Buren St, Topeka, Kansas

FAQs

What type of property is this?
Specialty property - 200,000 SF, 1.55 Acres, $2.6M
Where is the specialty property located?
The property is located at 421 Van Buren St Topeka, KS.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 200,000 SF single-building property on a 1.55-acre lot in Topeka, KS.; C4 mixed-use zoning, suitable for multifamily conversion.; Structurally sound building with potential for 40-50 loft-style apartments.
How can I contact the broker?
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421 Van Buren St
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