1301 Chestnut St, Emporia, KS 66801
This exceptional investment opportunity presents a 39,000 square foot multi-use building situated on a generous 3.7-acre lot in Emporia, Kansas. Located at 1301 Chestnut Street, this property boasts a rich history as the former College of Emporia Student Union. The building, constructed in 1965, is a three-story structure currently zoned C-2, offering significant flexibility for a variety of uses. The property's current configuration includes executive office space and apartment units, making it ideal for a mixed-use development or conversion to senior living facilities, as suggested by its previous uses. The asking price is $1,900,000. The property benefits from a well-maintained roof, parking lot, and mechanical systems. Its substantial size and versatile zoning provide ample opportunity for future development and expansion. The property is owned by Fusion Management Services, LLC. A video showcasing the property is available online. This is a rare chance to acquire a significant commercial property in a desirable Kansas location with considerable potential for strong returns. The property's history and current condition make it an attractive investment for both seasoned and emerging real estate investors. Further details are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.