3251 Topeka BlvdTopeka, KS 66611

Property Details for 3251 Topeka Blvd

Year built

1984

Lot size

0.67 AC

Zone code

C4

Property type

Turn key restaurants

APN

146-13-0-10-14-029.00

APU

146130101402900

Description

This exceptional opportunity presents two prime retail pad sites located along Topeka Boulevard in Shawnee County, Kansas. The sites, totaling 0.67 and 2.11 acres respectively, benefit from an excellent location within a thriving commercial area. The property enjoys significant visibility and accessibility due to its position along Topeka Boulevard, a key thoroughfare currently undergoing revitalization as part of the city's "Bring Back the Boulevard" initiative. This redevelopment project is expected to further enhance the area's appeal and drive increased traffic and customer flow. The sites are strategically situated adjacent to a cluster of established national quick-service restaurants, including McDonald's, KFC, Subway, and Wendy's, creating a high-traffic environment with significant consumer draw. The area boasts a well-established residential population, providing a strong customer base for potential retail developments. The property is offered with flexible ownership options, including ground lease, build-to-suit arrangements, or outright sale. A proposed new intersection is planned, further improving access and visibility. This presents a rare chance to secure a prominent retail location in a rapidly growing area of Topeka, Kansas. The address is 3251 SW Topeka Blvd, Topeka, KS 66611.

• CAP approach

  CAP return

  Valuation

  6%

  $7,502,545

  6.5%

  $6,925,426

  7%

  $6,430,753

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,299,514

  Geo Method

  $5,299,514

• Alternative Use

  Use

  Valuation

  Residential

  $5,841,856

  Hospitality

  $5,351,109

  Educational

  $4,452,060

  Medical

  $4,605,173

  Retail

  $6,925,426

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0081

Longitude

-95.6882

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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