335 Washington StHutchinson, KS 67501

Property Details for 335 Washington St

Year built

1907

Construction

FRAME

Lot size

1.87 AC

Property size (Sq ft)

32,108 SF

Property type

Office buildings

APN

126-13-0-20-02-001.00

APU

126130200200100

Description

This exceptional two-story, 34,111 square foot Class B office building presents a remarkable investment opportunity in Hutchinson, Kansas. Located at the highly visible, signalized intersection of Washington and 4th Avenue, this property boasts a large, well-lit parking lot and convenient wheelchair accessibility. Built in 1907 and renovated in 1986, the building features a recently repaired TPO roof and includes 25 individual suites, all currently vacant, offering immediate potential for owner-occupancy and rental income generation. The 81,457 square foot lot is zoned C-4, Special Commercial District, providing flexibility for future development. The asking price is $480,000, translating to $14.07 per square foot. This property offers a unique blend of historical charm and modern functionality, making it an ideal investment for a discerning buyer seeking a high-profile location and significant upside potential. The building also includes a basement, adding to its overall usable space. This is a rare opportunity to acquire a substantial office building in a desirable location with immediate income potential.

• CAP approach

  CAP return

  Valuation

  6%

  $4,948,600

  6.5%

  $4,567,938

  7%

  $4,241,657

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,863,234

  Geo Method

  $3,863,234

• Alternative Use

  Use

  Valuation

  Residential

  $5,664,244

  Hospitality

  $5,188,416

  Educational

  $4,316,702

  Medical

  $4,465,160

  Retail

  $6,714,870

Location Insight

City

Hutchinson

County

Reno

State

Kansas

Latitude

38.0567

Longitude

-97.9341

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].