530 8Th St Junction City, KS 66441
- Office Properties & Spaces
- 16,400 SF
- 0.92 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 530 8Th St
- Year built
- 1963
- Construction
- FRAME
- Lot size
- 0.92 lot acres
- Property size
- 16,400 SF
- Zone code
- IH
- Property type
- Office Properties & Spaces
- APN
- 111-01-2-40-03-006.00-0
- APU
- 1110124003006000
Description
This exceptional 18,625-square-foot industrial property, located at 530 E 8th St, Junction City, Kansas 66441, presents a compelling investment opportunity. Priced at $559,000 ($30.01/sq ft), this versatile space boasts a blend of distribution, warehouse, and retail areas, offering significant flexibility for diverse business needs. Conveniently situated just off Interstate 70, it enjoys easy access from both the east (via 6th St/US-40) and west (via Washington St/US-77) sides of downtown Junction City. The property includes a fenced exterior area, enhancing security and functionality. A party wall agreement with the neighboring property is in place. The anticipated occupancy date is June 27, 2024. The lot size is not specified. This property is ideal for businesses seeking a strategic location with ample space and convenient access to major transportation routes. Its adaptable layout makes it suitable for a wide range of uses, from warehousing and distribution to retail operations. The combination of location, size, and versatility makes this an attractive proposition for discerning investors.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $555,000
- 6.5%
- $560,000
- 7%
- $595,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $500,000
- Geo Method
- $505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $525,000
- Retail
- $580,000
- Mixed-Use
- $585,000
- Hospitality
- $515,000
- Educational
- $525,000
- Residential Income
- $465,000
- Energy
- $440,000
- Income-Based Land
- $590,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Junction City
- County
- Geary
- State
- Kansas
- Longitude
- -96.8214
- Latitude
- 39.0304
- CBSA code
- 31740
- CBSA name
- MANHATTAN, KS MICROPOLITAN STATISTICAL AREA