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Property profile & analytics
FOR LEASE
Turn key restaurants

2949 S Kansas Ave Topeka, KS 66611

4,337 SF 0.37 ac lot Built 1967
Entity Owned 11-yr Hold Free & Clear
Property ID
US33-1087494
2949 S Kansas Ave, Topeka, KS 66611 For Lease
$9.68 SF/Yr
2949 S Kansas Ave, Topeka, KS 66611
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Property summary
AI-generated overview

This exceptional 4,337-square-foot restaurant space, located at 2949 S. Kansas Avenue in Topeka, Kansas, presents a unique investment opportunity. Built in 1967 and renovated in 2000, the single-story building sits on a 0.37-acre lot and offers ample parking for 15 or more vehicles. The property is zoned I-1 (Light Industrial), providing flexibility for various uses. The previous tenant operated a restaurant, and the current owner is offering a "vanilla shell" to any new tenant. This includes a new HVAC system, updated electrical services, and either repaired or new plumbing, ensuring a move-in ready space. The location is highly desirable, situated on Kansas Avenue near 29th Street, providing excellent visibility and proximity to numerous local and national restaurants, retailers, and businesses. This property offers a strong foundation for a thriving restaurant or similar business, benefiting from its convenient location and the improvements offered by the seller. The building features a total of 4,337 square feet of space, making it suitable for a variety of concepts. With its convenient location and the seller's commitment to providing a renovated space, this property represents a compelling opportunity for a new business to establish itself in a vibrant Topeka market. The property's address is 2949 S. Kansas Ave, Topeka, KS 66611.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1967
Construction FRAME
Total area 4,337 SF
Lot 0.37 ac (16,061 SF)
Zoning code I1
APN 134-18-0-20-02-002.02
UPID US33-1087494
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Afad INC · 11 yrs held
Afad INC
since 2014
2 recorded transactions
2014
Price N/A
2006
Price N/A
Zoning & alternative use
I1 · Topeka, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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