809 3Rd StManhattan, KS 66502

Property Details for 809 3Rd St

Year built

2014

Construction

CONCRETE BLOCKS

Lot size

0.36 AC

Property size (Sq ft)

4,268 SF

Zone code

C-5

Property type

Retail space

APN

204-18-2-10-11-009.00-0

APU

2041821011009000

Description

This single-tenant, 1-story commercial building in Manhattan, Kansas, offers 1,395 square feet of vacant space within a larger 4,268 square foot building. Built in 2014, the property is situated on a 15,750 square foot lot at 809 N 3rd St, near the intersection of Bluemont Ave and Tuttle Creek Blvd, a high-visibility location described as the "Gateway to Manhattan." The building features six parking spaces and is zoned for commercial use. The vacant space is ideal for various office uses, including medical, traditional, creative, or executive offices, and previously housed a chiropractic office. The annual property taxes are $11,351.49 ($8.14 per square foot). The monthly rent is $3,936 NNN, which includes $150 for common area maintenance (landscaping and snow removal) and $600 annually for insurance. The property offers a fantastic opportunity for businesses seeking a prominent location in a thriving commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $832,626

  6.5%

  $768,578

  7%

  $713,679

• Comparable approach

  Method

  Valuation

  Relative Method

  $317,502

  Geo Method

  $317,502

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,486,230

  Mixed-Use / Specialty

  $770,919

  Hospitality / Lodging

  $572,215

  Office

  $771,632

  Institutional / Educational

  $803,262

  Residential Income

  $939,816

  Multifamily

  $1,098,990

  Automotive / Energy

  $688,510

  Parking / Income-Based Land

  $232,576

  Restaurant / Food Service

  $411,806

  Healthcare / Senior Housing

  $785,352

Location Insight

City

Manhattan

County

Riley

State

Kansas

Latitude

39.187

Longitude

-96.5603

CBSA code

31740

CBSA name

MANHATTAN, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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