2401 Summit StArkansas City, KS 67005

Property Details for 2401 Summit St

Year built

2006

Lot size

1.76 AC

Property size (Sq ft)

12,422 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

306-13-0-40-01-011.00-0

APU

3061304001011000

Description

This exceptional 12,600 square foot retail center, constructed in 2007, presents a compelling investment opportunity in Arkansas City, Cowley County, Kansas. The single-story, Class B building sits on a 1.7-acre lot and boasts a prime location on one of the city's busiest streets, directly in front of a Walmart Supercenter. Currently, the center features multiple tenants, including U.S. Cellular, Hibbett Sports, and Domino's Pizza, ensuring a strong existing tenant base. There are three available spaces ranging from 1,295 to 1,581 square feet, ideal for a variety of retail businesses. The property offers ample on-site parking for customers and employees. The strategic location benefits from high visibility and significant foot traffic, enhanced by its proximity to a variety of national and local businesses including Dollar General, Taco Tico, Anytime Fitness, McDonald's, RCB Bank, Family Dollar, AutoZone, Wendy's, Subway, Taco Bell, Arby's, and Walgreens. This thriving retail environment provides an excellent opportunity for expansion or new business establishment. The property's strong existing tenant mix and high-traffic location make it an attractive investment with significant potential for growth and return. The available spaces offer flexibility for various retail concepts, capitalizing on the established commercial activity in the immediate vicinity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,146,044

  6.5%

  $2,904,040

  7%

  $2,696,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,155,354

  Geo Method

  $3,155,354

• Alternative Use

  Use

  Valuation

  Residential

  $2,449,667

  Hospitality

  $2,243,882

  Educational

  $1,866,883

  Medical

  $1,931,088

  Retail

  $2,904,040

Location Insight

City

Arkansas City

County

Cowley

State

Kansas

Latitude

37.088

Longitude

-97.0406

CBSA code

49060

CBSA name

WINFIELD, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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