105 St Joseph St Wathena, KS 66090
This vacant 992 sq ft commercial building in Wathena, Kansas, presents a unique opportunity for entrepreneurs. Located on 0.33 acres at 105 St Joseph Street, this property boasts a prime position on Highway 36, offering exceptional visibility and high traffic volume. Previously home to a popular ice cream parlor, this versatile space is ideal for a variety of uses, including a fast-food restaurant, coffee shop, or similar venture. The building, constructed in 1972, is zoned for commercial use and includes furnishings, fixtures, and a generator. This is a rare opportunity in a 69-mile stretch of Highway 36 lacking fast-food options, creating a significant potential market. The asking price is $224,000. The property is currently vacant and offers immediate occupancy. This is a chance to establish a thriving business in a community eager for new options. Don't miss this chance to capitalize on this untapped market and establish your business in the heart of Wathena.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.