507 Chestnut StJunction City, KS 66441

  • Banks
  • 4,757 SF

Property Details for 507 Chestnut St

Year built
2013
Lot size
1.00 AC
Property size (Sq ft)
4,757 SF
Property type
Banks
APN
111-12-0-40-02-005.04-0
APU
1111204002005040

Description

This exceptional 4,757-square-foot freestanding retail building presents a unique investment opportunity in Junction City, Kansas. Constructed in 2013, the property boasts a single-tenant occupancy and sits on a generous one-acre lot, providing ample space and visibility. Located at 507 E. Chestnut Street, this building offers a prime location within Geary County, easily accessible to the city's main thoroughfares and a thriving customer base. The property's modern design and spacious layout make it ideal for a variety of retail uses. The single-tenant configuration offers simplicity and streamlined management, while the substantial square footage allows for flexible interior design to suit specific business needs. The large land area provides ample parking and potential for future expansion or outdoor amenities. This property represents a rare opportunity to acquire a well-maintained, strategically located retail space in a growing Kansas community. The building's 2013 construction ensures modern infrastructure and efficient operation, minimizing maintenance costs and maximizing potential returns. Its freestanding nature provides excellent brand visibility and independent access, enhancing its appeal to prospective tenants. With its combination of size, location, and modern construction, this property is poised for immediate occupancy and long-term success. The property's address is 507 E. Chestnut Street, Junction City, Kansas, zip code 66441.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,208,484
    6.5%
    $1,115,524
    7%
    $1,035,843
  • Comparable approach

    Method
    Valuation
    Relative Method
    $857,476
    Geo Method
    $857,476
  • Alternative Use

    Use
    Valuation
    Residential
    $940,986
    Hospitality
    $861,938
    Educational
    $717,122
    Medical
    $741,785
    Retail
    $1,115,524

Location Insight

City
Junction City
County
Geary
State
Kansas
Latitude
39.0213
Longitude
-96.8211
CBSA code
31740
CBSA name
MANHATTAN, KS MICROPOLITAN 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
2022
$48,126
$19,773
$298,498
$318,271
-
$79,090
$1,193,990
$1,273,080

FAQs

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