3000 Topeka BlvdTopeka, KS 66617

Property Details for 3000 Topeka Blvd

Year built

1971

Lot size

3.35 AC

Zone code

PUD, M2

Property type

Grocery and convenience stores

APN

104-17-0-20-01-005.03

APU

104170200100503

Description

This exceptional commercial land offering presents a unique investment opportunity in northern Topeka, Kansas. The property encompasses a flexible acreage ranging from 0.84 to 8.62 acres, providing ample space for a variety of development projects. A significant feature is the inclusion of a 30,379 square foot former grocery store building, complete with a fully equipped kitchen featuring a hood and grease trap system. This existing structure offers immediate potential for repurposing or redevelopment, catering to a range of commercial uses. The property benefits from a highly visible location north of Highway 24, a major thoroughfare boasting over 18,400 vehicles daily. This high traffic count ensures excellent visibility and accessibility for any future business. The area also enjoys the presence of strong surrounding tenants, including prominent retailers such as Walmart and Dillons, creating a vibrant and established commercial environment. The property is zoned PUD (Planned Unit Development District), allowing for considerable flexibility in development plans. Potential uses could include retail, entertainment, medical facilities, or educational institutions. This versatile property offers a rare chance to capitalize on a prime location and existing infrastructure in a thriving Topeka commercial district. The combination of acreage, building, and strategic location makes this an exceptional opportunity for investors and developers seeking a high-impact project.

• CAP approach

  CAP return

  Valuation

  6%

  $37,244,356

  6.5%

  $34,379,408

  7%

  $31,923,734

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,303,978

  Geo Method

  $26,303,978

• Alternative Use

  Use

  Valuation

  Residential

  $29,000,316

  Hospitality

  $26,564,134

  Educational

  $22,101,046

  Medical

  $22,861,136

  Retail

  $34,379,408

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.1006

Longitude

-95.663

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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