1318 Tyler StTopeka, KS 66612

Property Details for 1318 Tyler St

Lot size

0.28 AC

Zone code

M2

Property type

Office buildings

APN

133-06-0-20-10-004.00

APU

133060201000400

Description

This 0.27-acre lot, located at 1318 SW Tyler Street in Topeka, Kansas (zip code 66612), presents a compelling investment opportunity. Zoned M-2, the property encompasses 12,150 square feet of paved asphalt and is currently configured to accommodate approximately 34 parking spaces. The asking price is $85,000, translating to $7 per square foot. Situated in downtown Topeka, this parking lot offers convenient access to nearby businesses and is directly behind an office building also available for purchase. The lot's strategic location and existing infrastructure make it an ideal investment for those seeking a ready-to-use parking facility or a potential redevelopment project. The property's size and zoning provide flexibility for various uses within the permitted guidelines. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a well-situated parking lot in a thriving urban area. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,109,329

  6.5%

  $1,947,073

  7%

  $1,807,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $869,090

  Geo Method

  $869,090

• Alternative Use

  Use

  Valuation

  Residential

  $2,414,371

  Hospitality

  $2,211,551

  Educational

  $1,839,984

  Medical

  $1,903,264

  Retail

  $2,862,198

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0419

Longitude

-95.684

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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