318 Plum StHutchinson, KS 67501

Property Details for 318 Plum St

Year built

1969

Construction

CONCRETE BLOCKS

Lot size

0.20 AC

Property size (Sq ft)

1,232 SF

Property type

Retail space

APN

126-13-0-10-01-002.00

APU

126130100100200

Description

This exceptional 1,400 square foot freestanding retail storefront at 318 N. Plum Street in Hutchinson, Kansas, is available for $150,000. The property is ideally suited for an owner-user seeking a high-visibility location. Its prime position boasts excellent access from Plum Street and benefits from high traffic counts. A significant advantage is the inclusion of a drive-thru opportunity, enhancing operational efficiency and customer convenience. The building's strategic placement is further amplified by its proximity to a newly constructed Planet Fitness, ensuring a steady flow of potential customers. The property is offered as a Triple Net (NNN) lease, with a single tenancy. Adding to its practicality, a small storage shed is located behind the drive-thru lane, providing valuable supplementary space. This turnkey retail space presents a compelling investment opportunity in a thriving Kansas community. The property is located in Reno County, Kansas, zip code 67501. This is a rare opportunity to acquire a well-positioned, freestanding retail building with a drive-thru in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $279,124

  6.5%

  $257,653

  7%

  $239,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $373,550

  Geo Method

  $373,550

• Alternative Use

  Use

  Valuation

  Residential

  $217,340

  Hospitality

  $199,082

  Educational

  $165,634

  Medical

  $171,330

  Retail

  $257,653

Location Insight

City

Hutchinson

County

Reno

State

Kansas

Latitude

38.0568

Longitude

-97.9222

CBSA code

26740

CBSA name

HUTCHINSON, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].