2032 N Andover Rd Andover, KS 67002
For Sale
This exceptional commercial land offering in Andover, Kansas, presents a unique investment opportunity. The property comprises three separate lots, strategically located along N Andover Rd, in Butler County, zip code 67002. Lot 1, situated at 2032 N Andover Rd, encompasses 0.9 acres (39,204 sq ft) and is priced at $7.00 per square foot. Lot 2, located at 2014 N Andover Rd, offers 1.2 acres (52,272 sq ft) at $12.00 per square foot. Finally, Lot 3, at 1952 N Andover Rd, spans 1.4 acres (60,984 sq ft) and is also priced at $12.00 per square foot. All three lots are zoned B3 - Retail & Service District, providing flexibility for a variety of commercial developments. 2022 property taxes for Lot 1 were $21,694.43, $16,742.29 for Lot 2, and $19,637.80 for Lot 3. Andover is consistently ranked highly, including a top spot among Wichita area suburbs for homebuyers and a top-seven ranking for public schools in Kansas. The property benefits from its proximity to Wichita, a metro area boasting a population of 527,000 and a median household income of $88,960, offering a strong potential market for commercial ventures. This prime location and zoning make this an ideal opportunity for investors seeking high-growth potential in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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.