400 Quincy StTopeka, KS 66603

Property Details for 400 Quincy St

Year built

1965

Lot size

0.75 AC

Zone code

C5

Property type

Office buildings

APN

109-31-0-10-21-002.00

APU

109310102100200

Description

This exceptional 32,470-square-foot warehouse/flex property, located in Shawnee County, presents a unique investment opportunity. The building, constructed in 1965, boasts a two-story design with approximately 16,000 square feet on each floor. The property is currently vacant and available in its entirety (32,470 sq ft) or divisible into minimum units of 16,235 sq ft. The flexible space is suitable for a variety of uses, thanks to its warehouse and office components. The building features two loading docks, providing convenient access for loading and unloading goods. Ample parking is available on three sides of the structure, ensuring convenient access for employees and clients. The property sits on a 32,844-square-foot lot and is zoned C5; D1, PUD. The building is classified as Class C. Elevators are not present. The former Duffen's Optical Lab offers a solid foundation for a new tenant to customize and adapt to their specific needs. The landlord is prepared to negotiate a fair market price for the space with prospective tenants. This is a rare opportunity to secure a substantial and versatile commercial property in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $5,671,826

  6.5%

  $5,235,532

  7%

  $4,861,566

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,336,885

  Geo Method

  $2,336,885

• Alternative Use

  Use

  Valuation

  Residential

  $6,492,060

  Hospitality

  $5,946,692

  Educational

  $4,947,578

  Medical

  $5,117,732

  Retail

  $7,696,232

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0536

Longitude

-95.6704

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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