Freestanding building, prime location, 4,532 sq ft.
Lot size:
4,532 SF
Description
Added:
Dec 11, 2024
Days on Market:
370
This exceptional 4,532-square-foot freestanding commercial building presents a unique investment opportunity in Salina, Kansas. Situated on a 1.43-acre lot at 3025 S 9th St, this single-story, Class C building boasts a highly desirable location within the thriving 9th Street retail corridor. Built in 2015, the property is currently vacant and offers flexible zoning (PC-3), making it suitable for a variety of uses including retail, office, or restaurant. The building features an open floor plan, previously equipped with a bar, large kitchen, hoods, walk-in cooler and freezer, and a patio with outdoor seating. Ample parking is available with 92 spaces. This prime outparcel location benefits from exceptional visibility and proximity to major retailers such as Lowe's, Target, Walmart, Sam's Club, Tractor Supply, and several hotels and restaurants including Hilton Garden Inn, Courtyard by Marriott, Holiday Inn, Five Guys, Applebee's, Olive Garden, and others. The property's address is 3025 S 9th St, Salina, KS 67401, with a cross street of Schilling Road. The building has no elevators. This is a rare chance to acquire a well-located, versatile commercial property with significant potential.
Restaurant - Freestanding building, prime location, 4,532 sq ft.
Where is this restaurant located?
The property is located at 3025 9Th St Salina, KS.
What are key features of this property?
This property features: Modern Construction; Open floor plan; Available immediately
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3025 9Th St Salina, KS 67401
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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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3025 9Th St Salina, KS 67401
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3025 9Th St, Salina, KS
Jeff Maes
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3025 9Th St, Salina, KS
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