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    2320 S Princeton St Ottawa, KS 66067

    For Sale
    $750,000

    Retail - Ottawa, KS

    Type:Retail
    Lot size:
    1.00 Acre
    Days on Market:
    26
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 2320 S Princeton St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    C2
    APN
    136-14-0-00-01-001.03-0
    Parking features
    Assigned
    Lot size
    1.00 Acre

    Building Details

    Year built
    2000
    Floors in Building
    1
    Architectural style
    Other

    Berkshire Hathaway HomeServices Stein & Summers Real Estate (816) 232-2000 [email protected]

    Listing agent Steve Kornspan (816) 897-2211 License #BR00225222

    Listing date Nov 10, 2025

    MLS# 2584311 Listing URL

    Copyright © 2025 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ottawa, KS Retail Opportunity

    This retail property features a 3,700-square-foot building suitable for fast food and other retail uses. The property is currently occupied by a national franchise tenant who has recently signed a 5-year option renewal letter, with two additional 5-year options available, including rent increases. The tenant is responsible for paying taxes, insurance, and maintenance under an absolute NNN ground lease. The property is located just off I-35 at the S Princeton exit in Ottawa, KS. The lot size is approximately 1 acre and the zoning is C2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    Franklin
    State
    Kansas
    Longitude
    -95.268319
    Latitude
    38.578592

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    FAQs

    What type of property is this?
    Drive through restaurant - Retail building with long-term tenant near I-35.
    Where is this drive through restaurant located?
    The property is located at 2320 S Princeton St Ottawa, KS.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Absolute NNN Ground Lease: Tenant handles all Taxes, Insurance, and Maintenance, providing a truly passive income stream.; - Secure investment with a well-established long-term national fast-food franchise tenant.; - Signed 5-Year Option Renewal: Immediate stability with a recently executed 5-year lease extension.
    (816) 897-2211
    Request Owner's contact information
    2320 S Princeton St Ottawa, KS 66067
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    Ottawa, KS 66067
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2320 S Princeton St Ottawa, KS 66067
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