1634 Washburn AveTopeka, KS 66604

Property Details for 1634 Washburn Ave

Year built

1988

Lot size

0.41 AC

Zone code

C2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

141-01-0-10-25-009.00

APU

141010102500900

Description

This exceptional retail strip center, located at 1634 SW Washburn Ave, Topeka, KS 66604, presents a compelling investment opportunity. The property boasts a total of 23,140 square feet, with 11,986 square feet currently available for lease. Units range from a minimum of 1,330 square feet to a maximum contiguous space of 5,291 square feet, offering flexibility for various retail concepts. The center enjoys a highly desirable location on the northwest corner of Washburn Avenue and SW 17th Street, directly across from Washburn University, providing immediate access to a substantial student population of approximately 7,000. The property features excellent visibility and accessibility, with six curb cuts allowing access from all four sides. Ample parking is provided with 127 spaces. Current tenants include Wild Side Smoke Shop, and Casey's is an upcoming tenant. This signalized intersection location ensures high traffic volume and strong visibility for your business. The property is situated in Shawnee County and offers a unique chance to capitalize on the thriving retail environment near a major university. The available space presents a rare opportunity to establish a successful business in a high-traffic, student-centric area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,525,002

  6.5%

  $4,176,924

  7%

  $3,878,573

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,196,112

  Geo Method

  $3,196,112

• Alternative Use

  Use

  Valuation

  Residential

  $3,523,392

  Hospitality

  $3,227,408

  Educational

  $2,685,166

  Medical

  $2,777,513

  Retail

  $4,176,924

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0376

Longitude

-95.6964

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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