2605 21St StTopeka, KS 66604

Property Details for 2605 21St St

Year built

1951

Lot size

2.10 AC

Zone code

C2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

141-11-0-10-03-002.00

APU

141110100300200

Description

This exceptional retail investment opportunity presents a well-maintained strip center totaling 28,956 square feet, situated at 2605 SW 21st St, Topeka, Kansas, 66604. The property, built in 1951 and zoned C-2 Commercial, features six individual suites ranging in size from 1,827 to 4,275 square feet, with two currently available for lease. The center benefits from a strong anchor tenant, Kwik Shop, ensuring consistent foot traffic and visibility. Its strategic location near Washburn University and the VA Hospital provides a substantial daytime population and excellent drive-by exposure, contributing to high traffic counts. This property offers a compelling investment prospect for businesses seeking high-traffic retail space in a well-established Topeka neighborhood. The property is located in Shawnee County and offers a prime opportunity for retail or office users seeking high visibility and access to a dense population. The existing tenant mix and the property's location near major institutions make this a stable and attractive investment. The property's size and layout offer flexibility for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $23,317,760

  6.5%

  $21,524,086

  7%

  $19,986,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,469,954

  Geo Method

  $16,469,954

• Alternative Use

  Use

  Valuation

  Residential

  $18,156,372

  Hospitality

  $16,631,139

  Educational

  $13,836,912

  Medical

  $14,312,785

  Retail

  $21,524,086

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0293

Longitude

-95.7101

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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