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    128 Us-36 Phillipsburg, KS 67661

    For Lease
    $9 SF/Yr ($2,084 /Mo)

    Prime Hwy 36 Restaurant, Drive-Thru

    Lot size:
    2,692 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A retail property, located at 128 E. Hwy 36 in Phillipsburg, Kansas, presents a unique investment opportunity. Built in 2017, this single-story, free-standing building boasts 2,692 square feet on a spacious 32,859 square foot lot. The property's zoning is Commercial Highway, ideal for its current use as a restaurant with a drive-thru. The building features a convenient drive-thru lane and ample curb service parking for nine vehicles. Its prominent location on a major thoroughfare, US-36/State St, ensures excellent visibility and accessibility for customers. The property also benefits from the availability of pole signage, maximizing its marketing potential. The building is situated in Phillips County, Kansas, with a zip code of 67661. This turnkey operation is perfect for an established restaurant or a new venture seeking a high-traffic location. The property is available for purchase or lease. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving community. The single-tenancy building offers a straightforward ownership or leasing experience. The property's size and features make it an attractive option for a variety of restaurant concepts.

    Property Features for 128 Us-36

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,692 SF
    Class
    A
    Total Rate
    2084.06

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,692 SF
    Rate per SF
    $9
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Phillipsburg
    County
    Phillips
    State
    Kansas
    Longitude
    -99.306008767906
    Latitude
    39.755855397708

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    FAQs

    What type of property is this?
    Restaurant - Prime Hwy 36 Restaurant, Drive-Thru
    Where is this restaurant located?
    The property is located at 128 Us-36 Phillipsburg, KS.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    Request Owner's contact information
    128 Us-36 Phillipsburg, KS 67661
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    128 Us-36
    Phillipsburg, KS 67661
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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
    128 Us-36 Phillipsburg, KS 67661
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