2032 Andover RdAndover, KS 67002

  • Commercial land
  • 0.90 AC
For Sale

Property Details for 2032 Andover Rd

Lot size
0.90 AC
Property type
Commercial land
APN
008-303-08-0-00-00-065.00-0
APU
83030800000065000

Description

This exceptional commercial land offering in Andover, Kansas, presents a unique investment opportunity. The property comprises three separate lots, strategically located along N Andover Rd, in Butler County, zip code 67002. Lot 1, situated at 2032 N Andover Rd, encompasses 0.9 acres (39,204 sq ft) and is priced at $7.00 per square foot. Lot 2, located at 2014 N Andover Rd, offers 1.2 acres (52,272 sq ft) at $12.00 per square foot. Finally, Lot 3, at 1952 N Andover Rd, spans 1.4 acres (60,984 sq ft) and is also priced at $12.00 per square foot. All three lots are zoned B3 - Retail & Service District, providing flexibility for a variety of commercial developments. 2022 property taxes for Lot 1 were $21,694.43, $16,742.29 for Lot 2, and $19,637.80 for Lot 3. Andover is consistently ranked highly, including a top spot among Wichita area suburbs for homebuyers and a top-seven ranking for public schools in Kansas. The property benefits from its proximity to Wichita, a metro area boasting a population of 527,000 and a median household income of $88,960, offering a strong potential market for commercial ventures. This prime location and zoning make this an ideal opportunity for investors seeking high-growth potential in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,754,975
    Hospitality
    $7,103,515
    Educational
    $5,910,042
    Medical
    $6,113,296
    Retail
    $9,193,398
2032 Andover Rd, Andover, Kansas

Location Insight

City
Andover
County
Butler
State
Kansas
Latitude
37.7225
Longitude
-97.1337
CBSA code
48620
CBSA name
WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$1,229
$8,040
-
$8,040
-
$67,000
-
$67,000

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