Technical
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Property profile

K-18 Parkway Dr Manhattan, KS 66503

OFF-MARKET
Land
1.7 ac lot
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Property summary

AI-generated overview

This exceptional offering presents four strategically located commercial land parcels in Manhattan, Kansas's burgeoning southwest area. Situated within a new development, these lots boast sizes ranging from 1.7 to 3.27 acres, providing ample space for a variety of commercial ventures. The property enjoys convenient access to the K-18 Expressway, ensuring high visibility and easy accessibility for customers and employees. Its proximity to the planned Amherst Avenue extension at Miller Parkway further enhances its strategic location. The development also includes a planned 50-bed assisted living facility and independent cottages, creating a synergistic environment and attracting a substantial resident population. The lots are ideally suited for professional office spaces, daycare centers, or other businesses catering to the nearby thriving residential neighborhoods of Miller Ranch and Lee Mill Heights. Specific lot sizes include: Lot 2 (approximately 2.0 acres, 87,164 sq ft), Lot 3 (approximately 3.27 acres, 142,415 sq ft), Lot 4 (approximately 2.01 acres, 87,831 sq ft), and Lot 5 (approximately 1.7 acres, 74,069 sq ft). The property is zoned I-5 and PUD, offering flexibility for various development plans. This is a rare opportunity to secure a prime commercial location in a rapidly growing area of Manhattan, Kansas. Don't miss this chance to capitalize on this exceptional investment potential.

Property profile

Verified
Property type Land
Lot 1.7 ac (74,052 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

K-18 Parkway Dr Manhattan, KS 66503
Manhattan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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