104 Nelson StBennington, KS 67422

Property Details for 104 Nelson St

Year built

1920

Construction

FRAME

Lot size

0.07 AC

Property size (Sq ft)

1,500 SF

Property type

Retail space

APN

193-06-0-30-17-009.00-0

APU

1930603017009000

Description

This exceptional retail storefront, located at 104 N Nelson St in Bennington, Kansas, presents a fantastic business opportunity. The 1,330 square foot building boasts an updated showroom complete with attractive glass display cases, ideal for showcasing merchandise. A partial basement provides ample open floor space for storage, adding significant utility to the property. The versatile layout allows for adaptation to a variety of retail uses with minimal, if any, necessary renovations. Situated on Bennington's main street, this property benefits from high visibility and convenient access. Bennington offers a supportive small-town environment with local amenities including two taverns, three restaurants, a Class 2A school, a gas station, a grain elevator, and a bank. The property's strategic location also provides easy access to the larger city of Salina, Kansas, expanding market reach and potential customer base. This turnkey property is priced affordably at $99,500 and offers endless possibilities for entrepreneurs seeking a thriving retail location in a welcoming community. The lot size is 0 acres. The property is a single-story building with a zip code of 67422. This is a rare opportunity to own a well-maintained and conveniently located commercial space in Ottawa County, Kansas.

• CAP approach

  CAP return

  Valuation

  6%

  $292,628

  6.5%

  $270,119

  7%

  $250,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $111,587

  Geo Method

  $111,587

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $522,338

  Mixed-Use / Specialty

  $270,942

  Hospitality / Lodging

  $201,107

  Office

  $271,192

  Institutional / Educational

  $282,308

  Residential Income

  $330,301

  Multifamily

  $386,244

  Automotive / Energy

  $241,979

  Parking / Income-Based Land

  $81,739.40

  Restaurant / Food Service

  $144,730

  Healthcare / Senior Housing

  $276,014

Location Insight

City

Bennington

County

Ottawa

State

Kansas

Latitude

39.0308

Longitude

-97.5932

CBSA code

41460

CBSA name

SALINA, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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