302 4Th StManhattan, KS 66502

Property Details for 302 4Th St

Year built

2014

Lot size

1.38 AC

Property size (Sq ft)

56,344 SF

Zone code

C-4

Property type

Office buildings

APN

204-18-2-80-20-001.00-0

APU

2041828020001000

Description

This Class A, 52,500 square foot office building, located at 302 S 4th St (4th St & Pierre St), Manhattan, KS 66502, offers a unique opportunity. Built in 2014, the five-story CivicPlus Building features multiple suites, with 20,000 square feet currently vacant and divisible into spaces ranging from 10,000 to 20,000 contiguous square feet. The available space is adaptable to various needs, including traditional, creative, executive, and coworking arrangements. One option includes a 20,000 square foot space efficiently designed with an open floor plan and eight conference rooms of varying sizes. This space can be subdivided into two 5,000 square foot units. Office furniture is included. Tenants benefit from included utilities and access to restrooms on the first and fourth floors, plus a shared breakroom/common area and outdoor patio on the fourth floor. The building is zoned CD - Downtown, Riley County, and boasts amenities such as elevators. This is an exceptional opportunity to secure high-quality office space in a desirable Manhattan location. The minimum leasable space is 10,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $9,737,290

  6.5%

  $8,988,268

  7%

  $8,346,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,030,286

  Geo Method

  $4,030,286

• Alternative Use

  Use

  Valuation

  Residential

  $11,145,452

  Hospitality

  $10,209,174

  Educational

  $8,493,913

  Medical

  $8,786,032

  Retail

  $13,212,754

Location Insight

City

Manhattan

County

Riley

State

Kansas

Latitude

39.1769

Longitude

-96.5623

CBSA code

31740

CBSA name

MANHATTAN, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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