4601 Topeka BlvdTopeka, KS 66609

Property Details for 4601 Topeka Blvd

Year built

1987

Construction

CONCRETE BLOCKS

Lot size

0.49 AC

Property size (Sq ft)

3,450 SF

Zone code

I1

Property type

Bars

Property subtype

Pubs

APN

147-25-0-10-01-004.00

APU

147250100100400

Description

This 89,900 USD industrial property at 4601 SW Topeka Blvd, Topeka, KS presents a unique investment opportunity. The building, zoned I-1 Light Industrial, boasts a desirable location near established businesses and manufacturing companies, offering immediate access to a potential customer base. Previously operating as an E-Z shop and bar, the adaptable space is ideal for a variety of uses, subject to zoning regulations. Imagine establishing a coffee shop, eatery, or another venture within this versatile setting. The building features an attractive glass front with a convenient pass-through window, a walk-in cooler, a functional kitchen area, and durable stained concrete flooring. A removable low-rise stage is currently installed, adding to the property's flexibility. The interior is in excellent condition, featuring two bathrooms and a recently updated HVAC system. The property also includes a prominent Marquis sign at the south entry, enhancing visibility and brand recognition. This is a rare chance to acquire a well-maintained building with significant potential in a thriving commercial area. The 0-acre lot provides ample space for operations and potential future expansion. This turnkey property is ready for its next chapter.

• CAP approach

  CAP return

  Valuation

  6%

  $853,411

  6.5%

  $787,764

  7%

  $731,495

• Comparable approach

  Method

  Valuation

  Relative Method

  $621,882

  Geo Method

  $621,882

• Alternative Use

  Use

  Valuation

  Residential

  $664,508

  Hospitality

  $608,686

  Educational

  $506,420

  Medical

  $523,836

  Retail

  $787,764

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

38.9837

Longitude

-95.6883

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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