For Sale
$1,300,000

3846 Topeka Blvd Topeka, KS 66609

1.41 Acres, C-4 Zoning, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional 1.41-acre commercial land parcel, located at 3846 SW Topeka Blvd in Topeka, Kansas (zip code 66609), presents a compelling redevelopment opportunity. Situated in Shawnee County and zoned C-4, this property enjoys a prime location adjacent to the newly constructed Kansas Turnpike Authority (KTA) offices. The area is experiencing significant revitalization, creating a dynamic environment for future development. The property's strategic position benefits from the ongoing renaissance of the Topeka Boulevard area, a transformation described as exceeding the impact of previous major developments. To facilitate redevelopment, the possibility of utilizing Community Improvement District (CID) and Tax Increment Financing (TIF) options exists. CID taxes levied within a designated district can fund public infrastructure improvements, while TIF leverages future property tax increases to repay debt incurred for redevelopment projects. These financing mechanisms can significantly enhance the attractiveness of this property to investors and developers. Interested parties are encouraged to contact local economic development agencies or city officials to explore the specifics of available CID and TIF programs and their potential benefits. The seller is actively pursuing economic development funding to prepare the site for development and upgrade infrastructure. This proactive approach aims to make the property "shovel ready" and expedite the redevelopment process. The property is currently vacant.

Highlights

  • Developer/broker exclusively representing owner seeking economic development funds for site improvements at 3846 SW Topeka Blvd, Topeka, KS.
  • Owner will cease operations and demolish existing structures upon securing 100% economic development funding.
  • Exclusive negotiations with City of Topeka, Shawnee County, JEDO, and other government agencies for funding.
  • JEDO's economic development contractor will work exclusively with the developer/broker.

Property Details for 3846 Topeka Blvd

Property type
Land
Lot Size (sq. ft)
61,420 SF

Location Insight

City
Topeka
County
Shawnee
State
Kansas
Latitude
38.9961198
Longitude
-95.6861883
3846 Topeka Blvd, Topeka, Kansas

FAQs

What type of property is this?
Land - 1.41 Acres, C-4 Zoning, Redevelopment Opportunity
Where is the land located?
The property is located at 3846 Topeka Blvd Topeka, KS.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Developer/broker exclusively representing owner seeking economic development funds for site improvements at 3846 SW Topeka Blvd, Topeka, KS.; Owner will cease operations and demolish existing structures upon securing 100% economic development funding.; Exclusive negotiations with City of Topeka, Shawnee County, JEDO, and other government agencies for funding.
How can I contact the broker?
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3846 Topeka Blvd
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