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    2949 Kansas Ave Topeka, KS 66611

    For Lease
    $9 SF/Yr ($3,498 /Mo)

    Prime Topeka restaurant space, 4,337 sq ft.

    Lot size:
    4,337 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,337-square-foot restaurant space, located at 2949 S. Kansas Avenue in Topeka, Kansas, presents a unique investment opportunity. Built in 1967 and renovated in 2000, the single-story building sits on a 0.37-acre lot and offers ample parking for 15 or more vehicles. The property is zoned I-1 (Light Industrial), providing flexibility for various uses. The previous tenant operated a restaurant, and the current owner is offering a "vanilla shell" to any new tenant. This includes a new HVAC system, updated electrical services, and either repaired or new plumbing, ensuring a move-in ready space. The location is highly desirable, situated on Kansas Avenue near 29th Street, providing excellent visibility and proximity to numerous local and national restaurants, retailers, and businesses. This property offers a strong foundation for a thriving restaurant or similar business, benefiting from its convenient location and the improvements offered by the seller. The building features a total of 4,337 square feet of space, making it suitable for a variety of concepts. With its convenient location and the seller's commitment to providing a renovated space, this property represents a compelling opportunity for a new business to establish itself in a vibrant Topeka market. The property's address is 2949 S. Kansas Ave, Topeka, KS 66611.

    Property Features for 2949 Kansas Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,337 SF
    Total Rate
    3498.51

    Building Details

    Year Built/Renovated
    1967/2000
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,337 SF
    Rate per SF
    $9

    HighLights

    • 4,337 SF restaurant space at 2949 S. Kansas Ave, Topeka, KS 66611.
    • Built in 1967, renovated in 2000, situated on a 0.37‑acre lot.
    • Ample parking for 15+ vehicles.
    • I‑1 (Light Industrial) zoning allows for flexible use.
    • Move‑in ready "vanilla shell" condition with new HVAC, updated electrical, and plumbing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.681939632845
    Latitude
    39.013014335388

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    FAQs

    What type of property is this?
    Restaurant - Prime Topeka restaurant space, 4,337 sq ft.
    Where is this restaurant located?
    The property is located at 2949 Kansas Ave Topeka, KS.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 4,337 SF restaurant space at 2949 S. Kansas Ave, Topeka, KS 66611.; Built in 1967, renovated in 2000, situated on a 0.37-acre lot.; Ample parking for 15+ vehicles.
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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
    2949 Kansas Ave Topeka, KS 66611
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