2107 12Th AveWinfield, KS 67156

Property Details for 2107 12Th Ave

Year built

1979

Lot size

0.52 AC

Property size (Sq ft)

1,782 SF

Zone code

C1

Property type

Office buildings

APN

178-27-0-40-01-002.00-0

APU

1782704001002000

Description

This 1,782 square foot commercial building located at 2107 E 12th Ave in Winfield, Kansas, presents a unique investment opportunity. Situated on a 0.52-acre lot, the property offers substantial parking. Previously utilized as a dental office, the adaptable layout allows for a variety of commercial uses. The building boasts a solid structure and includes a full, unfinished basement, providing significant storage or expansion potential. The main level features a welcoming lobby area, a reception area, and a convenient half bath. A sizable lab area is readily convertible into a break room or additional office space. Currently, there is one office, and the configuration allows for the creation of at least five additional offices or cubicles in the area previously used as exam rooms. The property's location offers a quiet, off-the-beaten-path setting, ideal for businesses seeking a tranquil and accessible workspace. The asking price is $157,000. This property is ready for its next chapter and offers a compelling blend of functionality, space, and potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $307,018

  6.5%

  $283,401

  7%

  $263,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $127,466

  Geo Method

  $127,466

• Alternative Use

  Use

  Valuation

  Residential

  $351,417

  Hospitality

  $321,896

  Educational

  $267,814

  Medical

  $277,025

  Retail

  $416,600

Location Insight

City

Winfield

County

Cowley

State

Kansas

Latitude

37.2373

Longitude

-96.9701

CBSA code

49060

CBSA name

WINFIELD, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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