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    2334 Princeton St Ottawa, KS 66067

    Sponsored
    For Sale
    $450,000

    High-visibility retail building, NNN lease.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a free-standing retail building situated at 2334 S Princeton Street in Ottawa, Kansas. Boasting a highly desirable location on Princeton Street, the property benefits from exceptional visibility and convenient access to major thoroughfares, including Interstate 35 and Route 59. The 0.5-acre lot is situated within a thriving retail corridor, surrounded by a mix of established businesses, including big-box retailers, fast-food restaurants, and hotels, ensuring high traffic volume and strong consumer presence. The building is currently leased to a national tax preparation company under a long-term, absolute triple-net (NNN) lease, minimizing landlord responsibilities and maximizing passive income potential. This NNN lease structure shifts responsibility for property taxes, insurance, and maintenance to the tenant, providing a predictable and low-maintenance investment. The tenant's established national presence and long-term lease commitment offer significant stability and security for investors. This turnkey investment is ideal for those seeking a low-management, high-return opportunity in a prime retail location. The asking price is $450,000. Further details are available upon request.

    Property Features for 2334 Princeton St

    General Information

    Property type
    Retail properties
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    H&R Block Tax Preparation Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    Franklin, KS
    State
    Kansas
    Longitude
    -95.26829
    Latitude
    38.57807

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail building, NNN lease.
    Where is this retail property located?
    The property is located at 2334 Princeton St Ottawa, KS.
    What is the asking price?
    The asking price for this property is $450,000.
    (816) 897-2211
    Request Owner's contact information
    2334 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
    2334 Princeton St Ottawa, KS 66067
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