This 5,500 square foot warehouse, located at 232 S Santa Fe Ave in Salina, Kansas (zip code 67401), presents a unique opportunity. Built in 1930, the property boasts a C-4 zoning permit, offering versatility for various business ventures. The warehouse features a wide-open interior space perfect for storage, assembly, or retail display, complemented by a 16-foot ceiling height. Practical amenities include multi-fixture restrooms and a walk-in refrigerator. Its strategic location offers significant advantages, situated adjacent to "The Alley," a family entertainment center, ensuring high visibility and potential foot traffic. This property is available for sale and presents a compelling investment opportunity in Saline County, Kansas. The property's size and features make it suitable for a range of businesses seeking a well-maintained space with convenient amenities in a vibrant location. The combination of ample space, convenient features, and prime location makes this warehouse a highly attractive prospect.

Property type Bars & Pubs

Use group BAR, TAVERN

Year built 1930

Construction FRAME

Total area 5,500 SF

Lot 0.28 ac (12,000 SF)

APN 081-12-0-30-08-004.00

UPID US33-0312902

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

232 Santa Fe Ave Salina, KS 67401-2318

Salina metro Census 102 SALINA, KS MICROPOLITAN STATISTICAL AREA

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AI Approach AI

$320k

CAP Approach CAP

by Request

Comparable Approach Comparable

by Request

Blend (final) Blend

$385k

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$935,000

16,000 SF

1700 Beverly Dr

BAR, TAVERN

1700 Beverly Dr, Salina, KS 67401-4319

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Value Estimation
$355,000

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600 Santa Fe Ave

BAR, TAVERN

600 Santa Fe Ave, Salina, KS 67401-1952

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Value Estimation
$290,000

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501 5th St

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501 5th St, Salina, KS 67401-1906

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Value Estimation
$160,000

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Santa Fe Ave

BAR, TAVERN

Santa Fe Ave, Salina, KS 67401

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Value Estimation
$255,000

2,245 SF

616 Broadway Blvd

BAR, TAVERN

616 Broadway Blvd, Salina, KS 67401-2079

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Value Estimation
$310,000

0.31 Acres

2030 Ohio St

BAR, TAVERN

2030 Ohio St, Salina, KS 67401-6708

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