2520 Vine StHays, KS 67601

Property Details for 2520 Vine St

Year built

1970

Lot size

4.30 AC

Property size (Sq ft)

48,340 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

138-34-0-20-06-003.00

APU

138340200600300

Description

This exceptional retail opportunity is located in the heart of Hays, Kansas, offering 5,040 square feet of single-tenant space within the Centennial Mall on Vine Street. Built in 1970, this Class C property boasts a desirable single-story building with high ceilings and an open floor plan, providing excellent flexibility for a variety of retail uses. The property's strategic location on Vine Street ensures high visibility and accessibility, benefiting from significant foot and vehicular traffic. The surrounding area features a diverse mix of complementary businesses, including Sherwin Williams, Pet Sense, restaurants, other retail establishments, and medical services, creating a synergistic environment that drives customer traffic to the mall. The property's zoning is Commercial General, allowing for a wide range of potential uses. Its proximity to Interstate 70 (approximately 1.5 miles south on Highway 183/Vine Street) provides easy access for customers and employees alike. This is a rare opportunity to secure a prime retail location in a thriving Hays, KS community. The property features one building with a total of 5,040 square feet. The cross street is East 26th.

• CAP approach

  CAP return

  Valuation

  6%

  $10,951,991

  6.5%

  $10,109,530

  7%

  $9,387,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,656,997

  Geo Method

  $14,656,997

• Alternative Use

  Use

  Valuation

  Residential

  $8,527,767

  Hospitality

  $7,811,388

  Educational

  $6,498,984

  Medical

  $6,722,494

  Retail

  $10,109,530

Location Insight

City

Hays

County

Ellis

State

Kansas

Latitude

38.8829

Longitude

-99.317

CBSA code

25700

CBSA name

HAYS, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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