125 Anita DrHaysville, KS 67060

Property Details for 125 Anita Dr

Year built

1959

Construction

CONCRETE BLOCKS

Lot size

0.47 AC

Property size (Sq ft)

740 SF

Property type

Turn key restaurants

APN

087-219-31-0-44-01-002.00

APU

87219310440100200

Description

This exceptional Haysville property presents a unique investment opportunity. The 740-square-foot building currently houses the well-established Franks China Cafe, a community staple for over 30 years. The business is turnkey and currently operational. The significant value lies in the expansive 0.47-acre lot, offering substantial redevelopment potential. The lot previously accommodated a five-unit strip mall, and the existing concrete pad (37' x 121') and extensive asphalt paving remain. Two convenient driveway access points are available from the main road. This prime location in Haysville offers high visibility and easy access for customers. The property's size and existing infrastructure make it ideal for a variety of commercial ventures, from expanding the existing restaurant to developing new retail or service businesses. The combination of a successful, established business and a large, versatile lot presents a rare opportunity for significant return on investment. This is a chance to acquire a piece of Haysville's history and shape its future. Don't miss this chance to own a thriving business and a substantial piece of commercial real estate. Priced at $150,000.

• CAP approach

  CAP return

  Valuation

  6%

  $187,415

  6.5%

  $172,999

  7%

  $160,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $224,373

  Geo Method

  $224,373

• Alternative Use

  Use

  Valuation

  Residential

  $145,931

  Hospitality

  $133,672

  Educational

  $111,213

  Medical

  $115,038

  Retail

  $172,999

Location Insight

City

Haysville

County

Sedgwick

State

Kansas

Latitude

37.5682

Longitude

-97.3531

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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