201 29Th StTopeka, KS 66611

Property Details for 201 29Th St

Year built

1975

Construction

FRAME

Lot size

0.33 AC

Property size (Sq ft)

1,326 SF

Zone code

I1

Property type

Drive through restaurants

APN

134-18-0-10-02-007.00

APU

134180100200700

Description

This 8,442 square foot vacant restaurant building presents a unique redevelopment opportunity in Topeka, Kansas. Located at 201 SW 29th St, this single-story, Class C property boasts a prominent street-facing position on busy 29th Street, just west of Topeka Boulevard, ensuring high visibility and significant drive-by traffic. Built in 1972, the building sits on a 1.62-acre lot and features a grand entrance with a wood-framed canopy, enhancing its curb appeal. Ample parking is available with 151 spaces, ensuring convenient access for customers. The property is zoned C4, offering flexibility for various commercial uses. Vacant since February 6, 2023, this owner-user investment opportunity allows for complete customization and redevelopment to suit your specific business needs. The property's strategic location offers excellent demographics and proximity to public transportation, further enhancing its appeal. This is an exceptional chance to acquire a substantial commercial property in a thriving area of Topeka. The asking price is $795,000, translating to $94.17 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $338,381

  6.5%

  $312,352

  7%

  $290,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $239,019

  Geo Method

  $239,019

• Alternative Use

  Use

  Valuation

  Residential

  $263,481

  Hospitality

  $241,347

  Educational

  $200,798

  Medical

  $207,703

  Retail

  $312,352

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0149

Longitude

-95.6771

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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