475 Mccall RdManhattan, KS 66502

  • Commercial real estate
  • 0.63 AC
For Sale
$2,300,000 View listing

Property Details for 475 Mccall Rd

Year built
2023
Lot size
0.63 AC
Property type
Commercial real estate
APN
313-08-0-30-03-007.05-0
APU
3130803003007050

Description

This exceptional 1,171-square-foot Class A QSR building, located at 475 McCall Road in Manhattan, Kansas, presents a compelling investment opportunity. Situated on a 0.64-acre corner lot, this newly constructed property boasts high visibility, attracting over 12,445 vehicles daily. Its strategic location near major retailers such as Menards, Panda Express, and Xpress Wellness Urgent Care, along with national brands like Walmart, HyVee, and Chick-fil-A, ensures significant foot traffic and brand recognition. The property's proximity to Kansas State University (less than a mile away, with 24,000 students) and several large apartment complexes further enhances its appeal. Currently housing a Tropical Smoothie Cafe franchise, a nationally recognized fast-casual chain with over 1,100 locations, this property offers multiple usage options. It can be operated as an owner-user business, leveraging the established Tropical Smoothie Cafe brand, or sold as an absolute net leased asset, providing a stable income stream. The asking price is $2,300,000, translating to $1,964.13 per square foot. This prime location and versatile property make it an ideal investment for both owner-operators and passive investors seeking a high-return asset in a thriving market. The property's strong location and established tenant make it a rare opportunity in the Manhattan, Kansas market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,428,522
    Hospitality
    $4,972,497
    Educational
    $4,137,059
    Medical
    $4,279,339
    Retail
    $6,435,425
475 Mccall Rd, Manhattan, Kansas

Location Insight

City
Manhattan
County
Pottawatomie
State
Kansas
Latitude
39.19
Longitude
-96.5519
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
2023
$8,093
$57,989
-
$57,989
-
$483,240
-
$483,240

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