1912 17Th AveHutchinson, KS 67501

  • Strip malls
  • 17,674 SF
For Lease
$14/SF/YR View listing

Property Details for 1912 17Th Ave

Year built
2009
Construction
FRAME
Lot size
2.72 AC
Property size (Sq ft)
17,674 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
133-05-0-40-02-002.00
APU
133050400200200

Description

This exceptional Class A retail property, built in 2009, offers 17,674 square feet of space across four suites in a single-story building. Located at 1912 E 17th Ave in Hutchinson, Kansas (zip code 67501), this multi-tenant strip center sits on a 2.71-acre lot and is zoned C4. The property boasts prominent monument signage and individual building signage (front and back), ensuring high visibility for tenants. Key anchors include Petco and Lowe's, with additional tenants such as US Cellular and Bloom Nail & Spa. This strategic location provides excellent access to major roadways, including proximity to the Hutchinson Regional Airport (less than one mile) and approximately 20 minutes to Hwy K-96 at Yoder. The area is densely populated with strong retail neighbors, including Verizon, Chick-fil-A, an Urgent Care Center, IHOP, Chili's, Walmart Supercenter, Bomgaars, Hobby Lobby, Home Depot, Harbor Freight, TJ Maxx, Ulta, and a Dollar Store. This presents a compelling opportunity for investors seeking a high-traffic, well-established retail center in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,004,251
    6.5%
    $3,696,232
    7%
    $3,432,215
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,358,870
    Geo Method
    $5,358,870
  • Alternative Use

    Use
    Valuation
    Residential
    $3,117,910
    Hospitality
    $2,855,988
    Educational
    $2,376,149
    Medical
    $2,457,868
    Retail
    $3,696,232

Location Insight

City
Hutchinson
County
Reno
State
Kansas
Latitude
38.0728
Longitude
-97.8919
CBSA code
26740
CBSA name
HUTCHINSON, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$83,628
$231,043
$265,673
$496,716
-
$924,170
$1,062,690
$1,986,860

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