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    28Th Ter Topeka, KS 66605

    Sponsored
    For Sale
    $172,708

    Prime 1.98-acre commercial lot near Lake Shawnee.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.98-acre commercial land parcel, identified as Lot 5 of Aquarian Acres, presents a remarkable investment opportunity in Topeka, Kansas. Located in Shawnee County, with a convenient address on SE 28th Terrace and zip code 66605, this property is ideally situated near Lake Shawnee, offering high visibility and accessibility. The lot is zoned PUD (Planned Unit Development), providing flexibility for a variety of commercial uses. Potential development options include retail spaces, office buildings, flex spaces, or a combination retail/flex center, catering to diverse business needs. The asking price is $172,708, translating to a land value of $2 per square foot. This represents a compelling value proposition for developers seeking a strategically located site with significant potential for growth and return on investment. The property's proximity to Lake Shawnee enhances its appeal, offering a desirable location for businesses seeking a vibrant and attractive setting. Detailed site plans and zoning information are readily available upon request. This is an exceptional opportunity to acquire a prime commercial lot in a thriving area of Topeka. Don't miss out on this chance to secure a valuable asset in a desirable location.

    Property Features for 0 28Th Ter

    General Information

    Property type
    Land
    Lot Size
    86,249 SF

    HighLights

    • 1.98‑acre commercial lot in Topeka, Kansas, Lot 5 of Aquarian Acres.
    • Located on SE 28th Terrace, zip code 66605, near Lake Shawnee.
    • PUD zoning allows for retail, office, or flex space development.
    • $172,708 asking price, $2/sq ft.
    • High visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.61887039465
    Latitude
    39.016078309322

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    FAQs

    What type of property is this?
    Land - Prime 1.98-acre commercial lot near Lake Shawnee.
    Where is this land located?
    The property is located at 28Th Ter Topeka, KS.
    What is the asking price?
    The asking price for this property is $172,708.
    What are key features of this property?
    This property features: 1.98-acre commercial lot in Topeka, Kansas, Lot 5 of Aquarian Acres.; Located on SE 28th Terrace, zip code 66605, near Lake Shawnee.; PUD zoning allows for retail, office, or flex space development.
    (785) 228-5308
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    28Th Ter Topeka, KS 66605
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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
    28Th Ter Topeka, KS 66605
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