22072 Vly RdLinn Valley, KS 66040

Property Details for 22072 Vly Rd

Year built

2000

Lot size

8.89 AC

Property size (Sq ft)

4,608 SF

Zone code

AR

Property type

Garden apartment buildings

APN

019-31-0-00-00-013.02-0

APU

193100000013020

Description

Exceptional 8.8-acre commercial land parcel in Linn Valley, Kansas, listed at $2,790,000. This property presents a unique investment opportunity with significant upside potential. Improvements include a completely remodeled rental unit complex (2022), a covered pavilion/picnic area, and high-speed internet access (1 Gb fiber). The property's strategic location adjacent to La Cygne Lake, a year-round fishing lake, ensures consistent demand. The lake hosts fishing tournaments and attracts seasonal workers from the nearby power plant. The area also sees significant seasonal activity from hunters (deer hunting season October-December) and tourists attending weddings, family reunions, etc. This is the only rental property of its kind in the area, catering to a diverse clientele. The property's proximity to the Marais Des Cygne Wildlife Area further enhances its appeal. The asking price includes a 10% cap rate and a 10% management fee, with offsite management in place. Expansion opportunities exist, including the potential to add RV spaces for additional revenue streams. This property offers a compelling combination of existing income and future development possibilities in a high-demand location. The property is located at 22072 Valley Rd, La Cygne, KS 66040.

• CAP approach

  CAP return

  Valuation

  6%

  $1,119,707

  6.5%

  $1,033,576

  7%

  $959,749

• Comparable approach

  Method

  Valuation

  Relative Method

  $510,896

  Geo Method

  $510,896

• Alternative Use

  Use

  Valuation

  Residential

  $1,033,576

  Hospitality

  $946,750

  Educational

  $787,685

  Medical

  $814,774

  Retail

  $1,225,287

Location Insight

City

La Cygne

County

Linn

State

Kansas

Latitude

38.347

Longitude

-94.6791

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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