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    609 Cedar St Perry, KS 66073

    For Sale
    $400,000

    14,634 SF Retail Space - $400K

    Property size:
    14,634 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 14,634-square-foot retail property, located at 609 Cedar Street in Perry, Kansas, presents a unique investment opportunity. Previously operating as a grocery store, this building offers significant potential for a variety of commercial uses. The property sits on a 0.3-acre lot and boasts convenient highway access via HWY 24, placing it just three miles from Perry Lake. This strategic location benefits from high traffic volume, attracting individuals traveling between Lawrence and Manhattan, as well as lake-bound visitors. Built in phases (1975 and 1996), the structure includes a smaller storage shed, adding to its functional versatility. The asking price is $400,000, translating to a price per square foot of $27.33. The property is zoned for Commercial and Industrial use, opening doors to a wide range of redevelopment possibilities. This is an ideal location for businesses seeking high visibility and convenient access to a substantial customer base. The property's history as a successful grocery store provides a solid foundation for future success, while its flexible zoning allows for adaptation to diverse business needs. Serious inquiries are encouraged to explore the full potential of this prime commercial real estate offering.

    Property Features for 609 Cedar St

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,634 SF
    Lot Size
    13,068 SF

    HighLights

    • Former grocery store space available.
    • High‑traffic location on Highway 24.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Food Market Storage Facility Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Jefferson
    State
    Kansas
    Longitude
    -95.3904377
    Latitude
    39.0793636

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    FAQs

    What type of property is this?
    Individual retail property - 14,634 SF Retail Space - $400K
    Where is this individual retail property located?
    The property is located at 609 Cedar St Perry, KS.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Former grocery store space available.; High-traffic location on Highway 24.;
    Request Owner's contact information
    609 Cedar St Perry, KS 66073
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    Perry, KS 66073
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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
    609 Cedar St Perry, KS 66073
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