335 Washington St Hutchinson, KS 67501-4863
- Office buildings
- 32,108 SF
- 1.87 lot acres
Current Use by Public Records
- Janet K. Carrier, LSCSW / Doctor
- Busenbark Dan E CPA / Accountant
- Corporate Square / Business Center
- Intella Marketing Solutions / Marketing Agency
- T-Max Dialer and Communications Predictive Dialer & Voice Broadcast / Telecommunications Service Provider / Business To Business Service
Property Details for 335 Washington St
- Year built
- 1907
- Construction
- FRAME
- Lot size
- 1.87 lot acres
- Property size
- 32,108 SF
- Property type
- Office buildings
- APN
- 126-13-0-20-02-001.00
- APU
- 126130200200100
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $825,000
- 6.5%
- $820,000
- 7%
- $705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $715,000
- Geo Method
- $690,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $695,000
- Retail
- $860,000
- Mixed-Use
- $915,000
- Hospitality
- $740,000
- Educational
- $865,000
- Residential Income
- $690,000
- Energy
- $740,000
- Income-Based Land
- $945,000
- Food Service
- $800,000
Location Insight
- Map
- Local Demand
- City
- Hutchinson
- County
- Reno
- State
- Kansas
- Longitude
- -97.9341
- Latitude
- 38.0567
- CBSA code
- 26740
- CBSA name
- HUTCHINSON, KS MICROPOLITAN STATISTICAL AREA
