2925 9th St Salina, KS 67401-7881
This exceptional 6,446 square foot former restaurant, located at 2925 S 9th St, Salina, KS 67401, presents a prime redevelopment opportunity. Situated on a 1.8-acre lot, this unrestricted parcel boasts unparalleled visibility on a major retail corridor, positioned prominently in front of Target and Sam's Club, and directly across from Walmart and Lowe's. The property benefits from its proximity to Interstate 135, with easy access via on and off ramps just one block away. This high-traffic location sees 15,181 vehicles daily on 9th Street, complemented by significant traffic on nearby Schilling Road (9,575 vehicles) and I-135 (23,937 vehicles). The surrounding area demonstrates strong demographics, with a 1-mile radius boasting a population of 5,390 and an average household income of $83,032. Within 3 and 5-mile radii, the population expands to 28,466 and 46,142 respectively, with average household incomes of $69,612 and $69,600. The presence of Kansas Wesleyan University and Kansas State University Salina Aerospace and Technology Campus further enhances the area's appeal. Built in 1994, this property offers significant potential for a variety of retail uses, capitalizing on the substantial recent investment and development in the area. The asking price is $2,925,000 ($453.77 per square foot).
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
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