635 Quincy StTopeka, KS 66603

Property Details for 635 Quincy St

Year built

1935

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

2,025 SF

Zone code

C5

Property type

Office buildings

APN

109-31-0-40-02-017.00

APU

109310400201700

Description

This exceptional investment opportunity presents a 0.34-acre storefront property ideally situated in downtown Topeka, Kansas, at the corner of SE 7th and Quincy Streets. The property boasts 100 feet of frontage on 7th Street and an additional 25 feet on Quincy Street, ensuring high visibility and accessibility. Built between 1900 and 1920, the single building is zoned C5, offering considerable flexibility for redevelopment. The asking price is $650,000. This multi-tenancy property presents a compelling opportunity for investors seeking a prime location in a high-traffic area with convenient access to I-70 and the Evergy Plaza. The property's central downtown Topeka location offers significant potential for future growth and development, making it an attractive investment for those seeking a strong return on investment. The property's size and zoning provide ample opportunity for a variety of commercial uses. This is a rare chance to acquire a well-positioned property in a thriving urban core.

• CAP approach

  CAP return

  Valuation

  6%

  $351,558

  6.5%

  $324,515

  7%

  $301,335

• Comparable approach

  Method

  Valuation

  Relative Method

  $144,848

  Geo Method

  $144,848

• Alternative Use

  Use

  Valuation

  Residential

  $402,398

  Hospitality

  $368,595

  Educational

  $306,666

  Medical

  $317,213

  Retail

  $477,037

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0502

Longitude

-95.6726

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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