200 Key Ave, Salina, KS 67401-7689
This exceptional 4,900 square foot commercial land parcel, located at 200 W Key Ave., Salina, KS 67401, presents a remarkable business opportunity. Situated in south Salina, this property enjoys convenient access to 9th Street while benefiting from the quieter setting of a side street, ensuring easy ingress and egress. Previously utilized as a daycare center, the versatile layout offers numerous possibilities for various business ventures. The building boasts a well-equipped kitchen area and five bathrooms, catering to diverse operational needs. Multiple exit doors enhance safety and functionality. The interior features designated office spaces at the front and expansive open areas on either side, providing flexibility for customization. The rear area, currently configured as play areas, can be readily adapted into a break room or additional parking space by paving. The property is zoned C-5, opening doors to a wide range of commercial uses. This prime location and adaptable space make this a truly exceptional investment opportunity in the thriving Salina market. The asking price is $390,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.