335 Washington St Hutchinson, KS 67501-4863
This exceptional two-story, 34,111 square foot Class B office building presents a remarkable investment opportunity in Hutchinson, Kansas. Located at the highly visible, signalized intersection of Washington and 4th Avenue, this property boasts a large, well-lit parking lot and convenient wheelchair accessibility. Built in 1907 and renovated in 1986, the building features a recently repaired TPO roof and includes 25 individual suites, all currently vacant, offering immediate potential for owner-occupancy and rental income generation. The 81,457 square foot lot is zoned C-4, Special Commercial District, providing flexibility for future development. The asking price is $480,000, translating to $14.07 per square foot. This property offers a unique blend of historical charm and modern functionality, making it an ideal investment for a discerning buyer seeking a high-profile location and significant upside potential. The building also includes a basement, adding to its overall usable space. This is a rare opportunity to acquire a substantial office building in a desirable location with immediate income potential.
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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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.