1002 Ohio StAugusta, KS 67010

Property Details for 1002 Ohio St

Year built

1954

Lot size

0.47 AC

Property size (Sq ft)

6,900 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

008-296-23-0-30-01-028.00-0

APU

82962303001028000

Description

This exceptional investment opportunity presents a 6,900 square foot retail strip mall situated on a 0.47-acre lot at 1002 N Ohio St, Augusta, KS. Currently generating a minimum monthly rental income of $1,900, this five-unit property boasts a diverse tenant mix including a restaurant, a chiropractor's office, and a plumber's office. Two additional vacant units offer significant potential for increased revenue and customization. Each unit is equipped with its own private bathroom and separate utilities, providing tenants with convenience and independence. Ample on-site parking ensures easy access for both tenants and customers. The property's prime location in the growing community of Augusta, Kansas, makes it an attractive investment for those seeking a stable income stream and long-term appreciation. This is a rare chance to acquire a well-established, cash-flowing commercial property in a desirable market. Don't miss this opportunity to expand your commercial real estate portfolio with a proven performer.

• CAP approach

  CAP return

  Valuation

  6%

  $1,754,928

  6.5%

  $1,619,934

  7%

  $1,504,224

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,243,764

  Geo Method

  $1,243,764

• Alternative Use

  Use

  Valuation

  Residential

  $1,366,475

  Hospitality

  $1,251,684

  Educational

  $1,041,386

  Medical

  $1,077,201

  Retail

  $1,619,934

Location Insight

City

Augusta

County

Butler

State

Kansas

Latitude

37.6827

Longitude

-96.9711

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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