2500 4Th StLeavenworth, KS 66048

Property Details for 2500 4Th St

Year built

2020

Lot size

0.69 AC

Property size (Sq ft)

6,510 SF

Property type

Retail space

APN

101-01-0-40-09-003.00-0

APU

1010104009003000

Description

This exceptional 7,700 square foot retail building, constructed in 2020, is situated on a 1.23-acre lot in Leavenworth, Kansas. Located on heavily trafficked South 4th Street, the property boasts 152 feet of frontage, ensuring high visibility and accessibility. With a daily traffic count of 19,800 vehicles, this location offers unparalleled exposure. The building features a convenient drive-thru and ample surface parking for 24 vehicles. Currently vacant following the recent closure of a pharmacy tenant, this property presents a unique opportunity for owner-users or investors. The building is in excellent condition and zoned for general business use. Its strategic location within the Kansas City MSA, near major employers like Fort Leavenworth and the VA Medical Center, contributes to its strong commercial viability. The asking price is $1,450,000. This is a value-add investment opportunity in a growing economic area with significant potential for future growth and profitability. The property is offered free and clear of debt. The single-story building is classified as Class A.

• CAP approach

  CAP return

  Valuation

  6%

  $1,823,266

  6.5%

  $1,683,014

  7%

  $1,562,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,173,464

  Geo Method

  $1,173,464

• Alternative Use

  Use

  Valuation

  Residential

  $1,419,686

  Hospitality

  $1,300,424

  Educational

  $1,081,938

  Medical

  $1,119,147

  Retail

  $1,683,014

Location Insight

City

Leavenworth

County

Leavenworth

State

Kansas

Latitude

39.2921

Longitude

-94.9086

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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