3834 Topeka BlvdTopeka, KS 66609

Property Details for 3834 Topeka Blvd

Year built

1995

Construction

WOOD

Lot size

0.43 AC

Property size (Sq ft)

3,060 SF

Zone code

PUD, C4

Property type

Grocery and convenience stores

APN

134-19-0-20-03-019.01

APU

134190200301901

Description

This exceptional owner-user convenience store and gas station, located at 3834 Southwest Topeka Boulevard in Topeka, Kansas (zip code 66609), presents a compelling investment opportunity. The 2,000 square-foot building is priced at $950,000, or $475 per square foot, and boasts 100% occupancy. Situated on a high-traffic thoroughfare experiencing consistent population and traffic growth, this property sees up to 16,000 vehicles daily. Its strategic location offers excellent visibility and significant signage opportunities, enhancing brand exposure and attracting customers. The property benefits from an open fuel supply and enjoys proximity to major retail outlets such as Walmart and Sonic Drive-In, as well as several hotels, leveraging significant commercial activity in the area. The convenient access for logistics supports efficient operations for deliveries and customer visits. This location offers limited competition, making it a go-to destination for grocery and fuel needs in Kansas' capital city. The building presents a prime opportunity for enhancement and customization, catering to diverse business needs and providing a secured investment with significant potential for expansion. This is a value-add opportunity in a growing market, just one hour from Kansas City. High foot traffic potential and surrounding amenities ensure strong customer flow, ideal for retail or service businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $756,938

  6.5%

  $698,712

  7%

  $648,804

• Comparable approach

  Method

  Valuation

  Relative Method

  $551,582

  Geo Method

  $551,582

• Alternative Use

  Use

  Valuation

  Residential

  $589,390

  Hospitality

  $539,878

  Educational

  $449,172

  Medical

  $464,620

  Retail

  $698,712

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

38.9965

Longitude

-95.6872

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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