118 8Th St Salina, KS 67401
This exceptional 12,532-square-foot church building presents a unique investment opportunity in Salina, Kansas. Located at 118 S. 8th Street, this two-story property boasts a prominent location near the intersection of 9th Street and Iron Street, ensuring high visibility. Built in 1930, the structure sits on a spacious 20,000-square-foot lot and is zoned R-3. The building features a stunning sanctuary with vaulted ceilings and a balcony, perfect for large congregations. Beyond the sanctuary, ample space is dedicated to nurseries, classrooms, offices, a conference room, and a large common area. A dedicated audio/visual control booth enhances the functionality of the space. The asking price is $905,000, translating to $72.22 per square foot. The net rentable area is 12,532 square feet, with a ceiling height of 12 feet. This property is currently owned by Heartland Worship Center and offers significant potential for continued use as a place of worship or repurposing for other permitted uses under the R-3 zoning. The property's size, location, and versatile layout make it an attractive investment prospect.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.