700 Manhattan AveManhattan, KS 66502

Property Details for 700 Manhattan Ave

Year built

1935

Lot size

0.09 AC

Property size (Sq ft)

3,535 SF

Zone code

C-3

Property type

Retail space

APN

204-18-2-20-19-014.00-0

APU

2041822019014000

Description

This exceptional 3,535 square foot retail space is ideally situated in the vibrant heart of Aggieville, Manhattan, Kansas's premier entertainment district. Boasting a prime location amongst over 100 businesses, this single-tenant property benefits from the high foot and vehicular traffic generated by Kansas State University's 20,000+ student population and Manhattan's 55,000+ residents. Fully renovated in 2018, the property features a spacious open interior with impressive 16-foot ceilings and exposed brick, creating a unique and inviting atmosphere. The two-story building includes a 1,200 square foot mezzanine level, offering versatile space for expansion or creative design. Further enhancing its appeal is an additional 1,200 square feet of basement storage space. Convenient doorside parking is available, and the property is adjacent to the new 453-space Aggieville Parking Garage, ensuring ample parking for customers and employees. This property presents a remarkable opportunity for redevelopment, ideally suited for a restaurant or other retail businesses. Available March 1st, 2024. Located at 700 N Manhattan Ave, Manhattan, KS 66502 in Riley County.

• CAP approach

  CAP return

  Valuation

  6%

  $898,043

  6.5%

  $828,963

  7%

  $769,751

• Comparable approach

  Method

  Valuation

  Relative Method

  $637,204

  Geo Method

  $637,204

• Alternative Use

  Use

  Valuation

  Residential

  $699,261

  Hospitality

  $640,520

  Educational

  $532,905

  Medical

  $551,232

  Retail

  $828,963

Location Insight

City

Manhattan

County

Riley

State

Kansas

Latitude

39.1859

Longitude

-96.5762

CBSA code

31740

CBSA name

MANHATTAN, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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