303 State St Iola, KS 66749
- Commercial real estate
- 0.41 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 303 State St
- Lot size
- 0.41 lot acres
- Property type
- Commercial real estate
Description
This 0.41-acre commercial property at 303 S State Street in Iola, Kansas, presents a unique redevelopment opportunity. Currently listed at $65,000, the property consists of three lots situated on a prime corner location with high visibility and traffic volume on State Street. The existing structure has been deemed uninhabitable and condemned by the city, requiring demolition. Entry onto the property is at one's own risk due to the building's condition. The lots are currently zoned commercial, offering flexibility for various business ventures. Post-demolition, the Allen County will reassess property taxes. The property's strategic location near Highway 54, a public park, and a new state park under development, enhances its potential. This presents an exceptional chance for entrepreneurs to establish a business in a high-traffic area with significant growth potential. The property's size and location make it ideal for a variety of commercial uses, capitalizing on the substantial traffic flow and proximity to key amenities. This is a rare opportunity to acquire a well-positioned commercial lot in a growing area. The zip code is 66749.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Iola
- County
- Allen
- State
- Kansas
- Longitude
- -95.4088471
- Latitude
- 37.9197668
