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    1408 Prospect Ave Salina, KS 67401

    Sponsored
    For Sale
    $325,000

    Industrial/Commercial property, almost an acre.

    Property size:
    943 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This unique Salina, Kansas commercial property, located at 1408 Prospect Ave, offers almost an acre of land zoned I-2 for industrial and commercial use. Situated on the east side of the Ohio Street overpass, the property includes an office building featuring vaulted ceilings, space for 3-4 desks, a finished loft area, a kitchen with gas stove and appliances, a 3/4 bathroom, and a basement with newer windows and two non-code bedrooms ideal for storage. Recent updates include fresh exterior paint, a new roof, and updated HVAC units. A patio area completes the office space. The warehouse, measuring 60 x 42 feet, is divided into two sections. The east section (1008 sq ft) is heated, insulated, and includes a 10x12-foot door and a heated bathroom. The west section (1512 sq ft) boasts a wrap-around loft for storage, 14-foot ceilings, and two 12x12-foot doors, easily accommodating multiple work vans. Both buildings have an alarm system. Additional land west of the buildings provides ample space for parking, storage, or potential rental space for items such as campers or boats. The asking price is $325,000. The property includes 943 square feet and does not include any containers currently on the site. Please note that the fire hydrant is not included in the sale. Refer to the aerial photo for precise property lines.

    Property Features for 1408 Prospect Ave

    General Information

    Property type
    Land
    Square Feet
    943 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon 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
    -97.5889605
    Latitude
    38.8521051

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Industrial/Commercial property, almost an acre.
    Where is this land located?
    The property is located at 1408 Prospect Ave Salina, KS.
    What is the asking price?
    The asking price for this property is $325,000.
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    1408 Prospect Ave 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
    1408 Prospect Ave Salina, KS 67401
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