1301 8Th StJunction City, KS 66441

Property Details for 1301 8Th St

Year built

1922

Lot size

9.50 AC

Property size (Sq ft)

9,125 SF

Zone code

A

Property type

Individual retail properties

APN

112-10-0-10-01-001.00-0

APU

1121001001001000

Description

This exceptional mixed-use property, located at 1301 W 8th Street in Junction City, Kansas, presents a unique investment opportunity. The 7,501 square foot building, constructed in 1922 and featuring two stories, sits on a sprawling 69-acre lot, offering significant development potential. The property boasts RS and AG zoning, allowing for a variety of uses. The land itself is valued at $14,130.43 per square foot. The existing structure includes a 1,500 square foot, two-bedroom, one-bathroom apartment. Ample parking is available with 75 spaces. The expansive grounds include a nine-hole golf course (currently closed but restorable), an outdoor pool, and a substantial 14,000 square foot native stone clubhouse. The clubhouse features a sauna, locker rooms, offices, breakout rooms, a well-equipped kitchen, and the aforementioned apartment. Additional improvements include a 2,400 square foot insulated and heated shop, and three other maintenance outbuildings. The property benefits from city water and a well. Its strategic location offers easy access to I-70 (3 miles) and Highway 77 (less than 1 mile), placing it near Milford Lake, Kansas State University, and Fort Riley. The property's history includes operation as the Junction City Country Club and Great Life Fitness Center. This property offers a rare blend of land, existing structures, and location, making it ideal for a variety of commercial and residential ventures. The zoning allows for both residential suburban and agricultural uses across the 60 acres of AG zoning and 9.5 acres of RS zoning.

• CAP approach

  CAP return

  Valuation

  6%

  $2,318,145

  6.5%

  $2,139,826

  7%

  $1,986,982

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,644,832

  Geo Method

  $1,644,832

• Alternative Use

  Use

  Valuation

  Residential

  $1,805,024

  Hospitality

  $1,653,392

  Educational

  $1,375,603

  Medical

  $1,422,912

  Retail

  $2,139,826

Location Insight

City

Junction City

County

Geary

State

Kansas

Latitude

39.0281

Longitude

-96.8544

CBSA code

31740

CBSA name

MANHATTAN, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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