1105 Scenic DrManhattan, KS 66503

Property Details for 1105 Scenic Dr

Year built

2018

Lot size

1.51 AC

Property size (Sq ft)

8,420 SF

Property type

Grocery and convenience stores

APN

212-10-0-30-09-003.00-0

APU

2121003009003000

Description

This exceptional commercial land opportunity in Manhattan, Kansas, presents 1 to 1.62 acres of prime pad sites, ideally suited for retail, restaurant, or development projects. The property, located at 1105 N Scenic Dr, boasts convenient access to utilities and enjoys a strategic location within a rapidly growing area of western Manhattan. The site benefits from a newly constructed roundabout, improving traffic flow and accessibility. Existing neighboring businesses include Star Wash Manhattan, Shell Gas, and future tenants ESB Financial and Braum's Ice Cream, ensuring high visibility and potential synergy. The property's proximity to multiple apartment complexes and the Anneberg Sports Complex provides a strong customer base, while its minutes-away location from Kansas State University (with its 19,722 students) offers a significant potential market. This exceptional location offers a unique blend of convenience, visibility, and growth potential. The land is offered at a competitive price of $12.00 to $15.00 per square foot. This is a rare opportunity to secure a prominent position in a thriving Manhattan, KS market. Don't miss out on this chance to establish your business in a dynamic and rapidly developing area. The property is situated in Riley County, Kansas, zip code 66503.

• CAP approach

  CAP return

  Valuation

  6%

  $2,139,045

  6.5%

  $1,974,503

  7%

  $1,833,467

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,517,752

  Geo Method

  $1,517,752

• Alternative Use

  Use

  Valuation

  Residential

  $1,665,567

  Hospitality

  $1,525,650

  Educational

  $1,269,323

  Medical

  $1,312,977

  Retail

  $1,974,503

Location Insight

City

Manhattan

County

Riley

State

Kansas

Latitude

39.1913

Longitude

-96.6395

CBSA code

31740

CBSA name

MANHATTAN, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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