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Property profile & analytics
FOR SALE
Drive through restaurants

201 SW 29Th St Topeka, KS 66611

1,326 SF 0.33 ac lot Built 1975
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US33-0920731
Property summary
AI-generated overview

This 8,442 square foot vacant restaurant building presents a unique redevelopment opportunity in Topeka, Kansas. Located at 201 SW 29th St, this single-story, Class C property boasts a prominent street-facing position on busy 29th Street, just west of Topeka Boulevard, ensuring high visibility and significant drive-by traffic. Built in 1972, the building sits on a 1.62-acre lot and features a grand entrance with a wood-framed canopy, enhancing its curb appeal. Ample parking is available with 151 spaces, ensuring convenient access for customers. The property is zoned C4, offering flexibility for various commercial uses. Vacant since February 6, 2023, this owner-user investment opportunity allows for complete customization and redevelopment to suit your specific business needs. The property's strategic location offers excellent demographics and proximity to public transportation, further enhancing its appeal. This is an exceptional chance to acquire a substantial commercial property in a thriving area of Topeka. The asking price is $795,000, translating to $94.17 per square foot.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1975
Construction FRAME
Total area 1,326 SF
Lot 0.33 ac (14,340 SF)
Zoning code I1
APN 134-18-0-10-02-007.00
UPID US33-0920731
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Church's Texas Chicken Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Steve A Wang · 3 yrs held
Steve A Wang
since 2022
5 recorded transactions
2022
Price N/A
2022
Price N/A
2016
Price N/A
2006
Price N/A
2005
Price N/A
Zoning & alternative use
I1 · Topeka, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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