409 Delaware StLeavenworth, KS 66048

  • Retail space
  • 32,090 SF
For Sale
$365,000 View listing

Property Details for 409 Delaware St

Year built
1875
Construction
FRAME
Lot size
0.28 AC
Property size (Sq ft)
32,090 SF
Property type
Retail space
APN
077-25-0-33-16-002.00-0
APU
772503316002000

Description

This exceptional commercial property at 409 Delaware Street, Leavenworth, Kansas, presents a unique investment opportunity. Priced at $365,000, this three-story building, constructed in 1875, boasts a substantial 12,000 square foot lot. The property actually comprises two adjacent three-story buildings (409-411 and 413-415 Delaware Street) connected, each with a basement, though the total square footage listed does not include the second and third floors of either building or the basement space. The building enjoys a prime location in Leavenworth's bustling shopping district, ensuring high visibility and foot traffic. One side of the building is currently leased month-to-month to a church, featuring office space and a bathroom. The other side offers a spacious, open showroom area, ideal for a variety of retail uses. Convenient rear access is provided via a loading dock and freight elevator, facilitating efficient operations. Ample parking is available both in the rear and on the street. This remarkable property offers a rare chance to establish a thriving business within the vibrant heart of historic downtown Leavenworth. The property's age and location contribute to its unique character and potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,986,843
    6.5%
    $8,295,547
    7%
    $7,703,008
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,784,402
    Geo Method
    $5,784,402
  • Alternative Use

    Use
    Valuation
    Residential
    $6,997,604
    Hospitality
    $6,409,768
    Educational
    $5,332,852
    Medical
    $5,516,256
    Retail
    $8,295,547

Location Insight

City
Leavenworth
County
Leavenworth
State
Kansas
Latitude
39.3178
Longitude
-94.9143
CBSA code
28140
CBSA name
KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,231
$11,525
$59,495
$71,020
-
$46,100
$237,980
$284,080

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