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    1941 61 St Park City, KS 67219

    Sponsored
    For Sale
    Contact for pricing

    Downtown Kansas retail & residential opportunity

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use development in Park City, Kansas, presents a unique investment opportunity. Located on 48 acres at the southeast corner of 61st Street and Hydraulic Avenue, Park Centre is a master-planned community designed to create a vibrant downtown area. The development includes a central park, functioning as a farm and art market, providing a focal point for the community. Residential options include a substantial 416-unit apartment complex featuring a pool, amenity deck, and clubhouse, along with an 89-unit townhome complex. For commercial ventures, 96,000 square feet of leasable space is available, catering to a wide range of businesses. The project's anticipated completion date for the master plan is March 31st. This development offers a blend of residential and commercial opportunities, creating a dynamic and thriving community hub in Park City. The scale of the project, combined with its strategic location and diverse offerings, makes it an attractive proposition for investors seeking significant returns and long-term growth potential. The property is classified as Class A and offers a range of space options from 15,000 to 435,600 square feet, suitable for various commercial uses, including storefront and restaurant establishments. The development's design prioritizes community engagement and offers a unique blend of suburban living and retail experiences.

    Property Features for 1941 61 St

    General Information

    Property type
    Restaurants
    Square Feet
    15,000 SF
    Class
    A

    HighLights

    • Class A mixed‑use development in Park City, KS, offering 96,000 square feet of leasable commercial space.
    • 416‑unit apartment complex featuring a pool, amenity deck, and clubhouse.
    • 89‑unit townhome complex.
    • Central park serving as a focal point, and hosting a farm and art market.
    • Master plan anticipated completion: March 31st.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Department Store Laundry Service Home Appliance Store Laundromat

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

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.314099769442
    Latitude
    37.795873544202

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    FAQs

    What type of property is this?
    Restaurant - Downtown Kansas retail & residential opportunity
    Where is this restaurant located?
    The property is located at 1941 61 St Park City, KS.
    What are key features of this property?
    This property features: Class A mixed-use development in Park City, KS, offering 96,000 square feet of leasable commercial space.; 416-unit apartment complex featuring a pool, amenity deck, and clubhouse.; 89-unit townhome complex.
    Request Owner's contact information
    1941 61 St Park City, KS 67219
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    1941 61 St
    Park City, KS 67219
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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
    1941 61 St Park City, KS 67219
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