Prime Salina location, flexible suites, strong tenant mix.
Lot size:
33,150 SF
Description
Added:
Dec 11, 2024
Days on Market:
392
Galaxy Center, a single-story, 33,150 square foot strip center, presents a unique opportunity for retail or office tenants in Salina, Kansas. Strategically located at the intersection of South 9th Street and Magnolia Road, this property enjoys high visibility and accessibility, situated just one block east of the I-135 interchange, placing it within easy reach of a large customer base. The building, constructed in 1987, features a 12-foot ceiling height and sits on a substantial 135,036 square foot lot. Currently, the center houses a diverse range of established businesses including Mattress Hub, Qdoba Mexican Restaurant, Showcase Jewelers, Express Personnel, and Copy Co. The property is zoned C-5, allowing for a variety of commercial uses. Available spaces range from a minimum of 1,575 square feet to a maximum contiguous space of 3,000 square feet, offering flexibility for businesses of varying sizes. The property's strong tenant mix and prime location, coupled with competitive lease rates and terms, make Galaxy Center an exceptional investment opportunity. Nearby established businesses include Dillon's Supermarket, McDonald's, Dick's Sporting Goods, Aldi, Chick-fil-A, Panera Bread, and Chipotle, further enhancing the property's desirability and potential for success. Suite sizes are adaptable and can be customized to meet specific tenant requirements.
Property Features for 0 9Th St
General Information
Property type
Strip malls
Lease Type
Gross Lease
RSF (Rentable sq. ft)
33,150 SF
Total Rate
27625
Building Details
Year Built
1987
Buildings
1
Stories
1
Unit(s) available at that property
Space
2320 S. Planet Ave
Size
2,875 SF
Rate per SF
$15
Space
2314 S. Planet Ave
Size
1,575 SF
Rate per SF
$15
Space
2306 S. Planet Ave
Size
1,950 SF
Rate per SF
$15
HighLights
33,150 SF retail/office strip center.
1‑story building on a 135,036 SF lot, built in 1987.
Spaces available from 1,575 SF to 3,000 SF contiguous.
This property features: 33,150 SF retail/office strip center.; 1-story building on a 135,036 SF lot, built in 1987.; Spaces available from 1,575 SF to 3,000 SF contiguous.
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9Th St 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.
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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.
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9Th St Salina, KS 67401
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9Th St, Salina, KS
Jeff Maes
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9Th St, Salina, KS
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9Th St, Salina, KS
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9Th St, Salina, KS
Jeff Maes
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