500 10Th Ave Topeka, KS 66612

Property Details for 500 10Th Ave

Year built

1951

Lot size

1.64 lot acres

Zone code

I1

Property type

Auto shops

APN

109-32-0-30-24-003.00

APU

109320302400300

Description

This exceptional 5,590 square foot single-tenant building, situated on a 15,000 square foot lot, presents a unique investment opportunity. Currently operating as a Pizza Hut, this versatile property is ideally suited for a variety of uses, including dining, retail, or clinical spaces. Boasting a prime corner location at the intersection of 10th & Topeka Blvd, it benefits from exceptional visibility and high traffic volume, with 23,500 vehicles passing daily (2022 city traffic count). The building features a large sit-down dining area and a private meeting room. Its strategic location is further enhanced by its proximity to state offices and the Capitol Building. Upcoming renovations to a nearby state office building for public events and the completion of the new KDHE building in 2024 will bring an additional 500 state workers per month, increasing foot traffic and potential clientele. The property includes 22 parking spaces and a billboard generating $1,000 monthly rent (though not mandatory for new tenants). The building is zoned C4 and located in Shawnee County. A new HVAC system will be installed by January 1, 2025. The property features 175 feet of frontage on Topeka Blvd and 75 feet on 10th Avenue. Available January 1, 2025, with a NNN lease at $17.00 per square foot, including an escalator clause. Annual property taxes are $4.23 per square foot. This is a truly remarkable opportunity in a high-growth area.

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Longitude

-95.6692

Latitude

39.0447

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments