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    605 Highway 24 Topeka, KS 66608

    For Lease
    $10 SF/Yr ($5,040 /Mo)

    Two retail spaces available, high visibility.

    Lot size:
    6,048 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This thriving 6,048 square foot retail strip center, built in 2010, presents an exceptional investment opportunity. Located in Shawnee County and zoned C-4 Commercial, the property boasts excellent visibility from Highway 24, ensuring high daily traffic counts. The center sits on a generous 3.85-acre lot and features a mix of established tenants, including AT&T Wireless and Edward Jones. Two spaces are currently available, each offering a minimum of 1,512 square feet and a maximum contiguous space of 1,512 square feet. The center is anchored by a Holiday Inn Express and a 2,484+ square foot restaurant currently occupied by Dickey's BBQ. This prime location offers a unique chance to establish a business within a well-established and successful retail environment. The property's multiple tenancy structure provides a diverse income stream and strong potential for future growth. The zoning allows for a variety of commercial uses, making it an adaptable and versatile investment. This is an ideal opportunity for businesses seeking high visibility and a strong tenant base in a busy commercial area.

    Property Features for 605 Highway 24

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,048 SF
    Total Rate
    5040

    Building Details

    Year Built
    2010

    Unit(s) available at that property

    Space
    Suite 103
    Size
    1,512 SF
    Rate per SF
    $10
    Space
    Suite 101
    Size
    1,512 SF
    Rate per SF
    $10

    HighLights

    • 6,048 SF retail strip center with two 1,512+ SF spaces available.
    • Located in Shawnee County with C‑4 Commercial zoning.
    • Built in 2010, situated on a 3.85‑acre lot.
    • Excellent visibility from Highway 24 with high daily traffic counts.
    • Anchored by a Holiday Inn Express and a 2,484 SF restaurant (Dickey's BBQ).
    • Current tenants include AT&T Wireless and Edward Jones.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edward Jones: Gabriel ... Financial Planner Edward Jones: Trimble ... Financial Planner Edward Jones - Financial ... Investment Service Edward Jones - Financial ... Investment Service

    Suggested Use

    Restaurant Hair Salon Building Supply Hotel & Motel Gym & Fitness Auto Repair Shop Auto Parts Store Wholesale Shop HVAC Service Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.6700862
    Latitude
    39.0897515

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    FAQs

    What type of property is this?
    Retail property - Two retail spaces available, high visibility.
    Where is this retail property located?
    The property is located at 605 Highway 24 Topeka, KS.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 6,048 SF retail strip center with two 1,512+ SF spaces available.; Located in Shawnee County with C-4 Commercial zoning.; Built in 2010, situated on a 3.85-acre lot.
    Request Owner's contact information
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    Topeka, KS 66608
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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
    605 Highway 24 Topeka, KS 66608
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