2925 9Th StSalina, KS 67401

Property Details for 2925 9Th St

Year built

1994

Construction

FRAME

Lot size

1.80 AC

Property size (Sq ft)

6,337 SF

Property type

Turn key restaurants

APN

087-36-0-30-12-003.00

APU

87360301200300

Description

This exceptional 6,446 square foot former restaurant, located at 2925 S 9th St, Salina, KS 67401, presents a prime redevelopment opportunity. Situated on a 1.8-acre lot, this unrestricted parcel boasts unparalleled visibility on a major retail corridor, positioned prominently in front of Target and Sam's Club, and directly across from Walmart and Lowe's. The property benefits from its proximity to Interstate 135, with easy access via on and off ramps just one block away. This high-traffic location sees 15,181 vehicles daily on 9th Street, complemented by significant traffic on nearby Schilling Road (9,575 vehicles) and I-135 (23,937 vehicles). The surrounding area demonstrates strong demographics, with a 1-mile radius boasting a population of 5,390 and an average household income of $83,032. Within 3 and 5-mile radii, the population expands to 28,466 and 46,142 respectively, with average household incomes of $69,612 and $69,600. The presence of Kansas Wesleyan University and Kansas State University Salina Aerospace and Technology Campus further enhances the area's appeal. Built in 1994, this property offers significant potential for a variety of retail uses, capitalizing on the substantial recent investment and development in the area. The asking price is $2,925,000 ($453.77 per square foot).

• CAP approach

  CAP return

  Valuation

  6%

  $1,609,872

  6.5%

  $1,486,036

  7%

  $1,379,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,921,419

  Geo Method

  $1,921,419

• Alternative Use

  Use

  Valuation

  Residential

  $1,253,527

  Hospitality

  $1,148,224

  Educational

  $955,309

  Medical

  $988,164

  Retail

  $1,486,036

Location Insight

City

Salina

County

Saline

State

Kansas

Latitude

38.7851

Longitude

-97.6119

CBSA code

41460

CBSA name

SALINA, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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