111 8Th StHays, KS 67601

Property Details for 111 8Th St

Year built

1930

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

3,738 SF

Property type

Retail space

APN

138-33-0-30-41-021.00

APU

138330304102100

Description

This exceptional commercial property, located at 111 W. 8th St in downtown Hays, Kansas, presents a unique investment opportunity. The 3,700 square foot building sits on a 0.09-acre lot and is ideally suited for a variety of commercial uses. Currently configured as two separate office spaces with a shared hallway, the property offers flexibility. Businesses could operate independently or the space could be easily combined to create a larger retail space. The building includes a small sink system in the rear, potentially suitable for a kitchenette. The property's prime downtown location on the bricks in Hays offers excellent visibility and accessibility. Showings for this property will begin on July 5th, 2023. The asking price for this versatile commercial building is $289,900. This presents a strong investment opportunity with numerous potential uses, making it an attractive option for both established businesses and savvy investors seeking a foothold in the thriving Hays market. The property's zip code is 67601, and it is located in Ellis County.

• CAP approach

  CAP return

  Valuation

  6%

  $846,888

  6.5%

  $781,742

  7%

  $725,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,133,386

  Geo Method

  $1,133,386

• Alternative Use

  Use

  Valuation

  Residential

  $659,429

  Hospitality

  $604,033

  Educational

  $502,549

  Medical

  $519,832

  Retail

  $781,742

Location Insight

City

Hays

County

Ellis

State

Kansas

Latitude

38.871

Longitude

-99.3318

CBSA code

25700

CBSA name

HAYS, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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