108 Fry StYates Center, KS 66801

Property Details for 108 Fry St

Year built

1990

Lot size

0.47 AC

Property size (Sq ft)

3,240 SF

Zone code

CP-2

Property type

Gas stations

APN

131-11-0-30-35-003.00-0

APU

1311103035003000

Description

This exceptional commercial real estate opportunity in Yates Center, Kansas, presents a unique blend of established businesses and significant expansion potential. Located at 108 S Fry, this property boasts a prime location near the intersection of Hwy 54/75, offering high visibility and convenient access. The property encompasses a full acre, comprised of two adjacent half-acre parcels (APN: 1041311103035003000, 1041311103035002000). The main building, currently operating as a gas station and auto shop, features a versatile layout designed for efficient workflow. Three bay doors on the west side, including a pull-through bay on the south, provide ample space for various automotive services. The shop is equipped with two lifts, a wheel balancer, a rim clamp tire changer, and other essential tools. Interior space includes two storage rooms, two bathrooms, an office, and a spacious front display area. The adjacent half-acre lot presents a significant opportunity for expansion, whether for additional business ventures, increased parking to accommodate customer traffic, or other development. This property offers substantial income potential through continued operation of the existing businesses, leasing the space, or developing the additional lot. The asking price is $247,000. This is a turnkey operation ready for a new owner to step in and capitalize on its existing success and future growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $801,464

  6.5%

  $739,813

  7%

  $686,969

• Comparable approach

  Method

  Valuation

  Relative Method

  $584,028

  Geo Method

  $584,028

• Alternative Use

  Use

  Valuation

  Residential

  $624,060

  Hospitality

  $571,636

  Educational

  $475,594

  Medical

  $491,950

  Retail

  $739,813

Location Insight

City

Yates Center

County

Woodson

State

Kansas

Latitude

37.8806

Longitude

-95.7385

Property Tax & Assessments

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