3300 Van Buren StTopeka, KS 66611

Property Details for 3300 Van Buren St

Year built

1979

Construction

FRAME

Lot size

0.86 AC

Property size (Sq ft)

2,880 SF

Zone code

I1

Property type

Office buildings

APN

134-18-0-30-05-004.00

APU

134180300500400

Description

This stunning colonial-style office building at 3300 SW Van Buren St, Topeka, KS, presents a remarkable investment opportunity. Boasting just over 5700 square feet, the property sits on a large corner lot in a prime location, offering exceptional visibility and accessibility. The main floor features a thoughtfully designed layout with ten separate rooms, including four spacious executive suites. A large central conference room, reception area, two half-bathrooms, and a convenient kitchenette complete the main level. The full basement offers even more versatility, featuring a separate entrance, ideal for leasing to multiple tenants. This lower level includes four smaller rooms, two additional half-bathrooms, a storage room, a dedicated tech room, and three large conference rooms, along with its own kitchenette and refrigerator. The building is equipped with two newer high-efficiency HVAC systems, two sump pumps, and a 40-gallon hot water heater, ensuring reliable and efficient operation. Ample parking is provided with a large asphalt lot accommodating 24 vehicles, supplemented by readily available street parking. Priced at $229,000 (less than $39 per square foot), this property offers a significant return on investment. Its charming curb appeal and highly versatile floor plan make it suitable for a wide range of businesses. The asking price allows for cosmetic updates, making this a truly exceptional opportunity for the discerning buyer. Don't miss this chance to acquire a high-quality building at an exceptional price.

• CAP approach

  CAP return

  Valuation

  6%

  $499,959

  6.5%

  $461,500

  7%

  $428,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $206,006

  Geo Method

  $206,006

• Alternative Use

  Use

  Valuation

  Residential

  $572,260

  Hospitality

  $524,187

  Educational

  $436,118

  Medical

  $451,116

  Retail

  $678,405

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0068

Longitude

-95.6839

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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