511 East Ave Columbus, KS 66725
This unique Columbus, Kansas mixed-use property presents a compelling redevelopment opportunity. Encompassing 3,095 square feet across two buildings on a 0.54-acre lot (23,908 sq ft), this offering includes a completely remodeled, two-bedroom, 2.5-bathroom home with new Samsung appliances (fridge, stove, dishwasher) under warranty. The second building, featuring a soundproof wall, offers versatile space ideal for residential, commercial, or mixed-use development. Existing features include updated fixtures, toilets, vanities, doors, washer/dryer hookups, a new HVAC system, and an instant hot water tank. The property boasts over 200 square feet of highway frontage, situated conveniently near a highway intersection. The asking price of $199,700 is below appraisal. This investment presents significant potential for value appreciation and diverse income streams. The property's 1990 construction offers a solid foundation for renovation or expansion. The two-story buildings provide ample space for creative adaptation. This is a rare opportunity to acquire a multi-use property with highway visibility in a desirable location. The property is privately owned and zoned "na".
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
Similar Nearby for Sale
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.