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    2925 9Th St Salina, KS 67401

    Sponsored
    For Sale
    $2,925,000

    High-visibility, 6,446 SF former restaurant

    Property size:
    6,446 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,446 square foot former restaurant, located at 2925 S 9th St, Salina, KS 67401, presents a prime redevelopment opportunity. Situated on a 1.8-acre lot, this unrestricted parcel boasts unparalleled visibility on a major retail corridor, positioned prominently in front of Target and Sam's Club, and directly across from Walmart and Lowe's. The property benefits from its proximity to Interstate 135, with easy access via on and off ramps just one block away. This high-traffic location sees 15,181 vehicles daily on 9th Street, complemented by significant traffic on nearby Schilling Road (9,575 vehicles) and I-135 (23,937 vehicles). The surrounding area demonstrates strong demographics, with a 1-mile radius boasting a population of 5,390 and an average household income of $83,032. Within 3 and 5-mile radii, the population expands to 28,466 and 46,142 respectively, with average household incomes of $69,612 and $69,600. The presence of Kansas Wesleyan University and Kansas State University Salina Aerospace and Technology Campus further enhances the area's appeal. Built in 1994, this property offers significant potential for a variety of retail uses, capitalizing on the substantial recent investment and development in the area. The asking price is $2,925,000 ($453.77 per square foot).

    Property Features for 2925 9Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,446 SF
    Lot Size
    78,408 SF

    Building Details

    Year Built
    1994

    HighLights

    • High‑traffic retail corridor location.
    • Hard corner lot with excellent visibility and unrestricted usage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Salina
    County
    Saline
    State
    Kansas
    Longitude
    -97.612811761418
    Latitude
    38.785396528085

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    FAQs

    What type of property is this?
    Lifestyle center - High-visibility, 6,446 SF former restaurant
    Where is this lifestyle center located?
    The property is located at 2925 9Th St Salina, KS.
    What is the asking price?
    The asking price for this property is $2,925,000.
    What are key features of this property?
    This property features: High-traffic retail corridor location.; Hard corner lot with excellent visibility and unrestricted usage.;
    Request Owner's contact information
    2925 9Th St Salina, KS 67401
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    Salina, KS 67401
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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
    2925 9Th St Salina, KS 67401
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