3846 SW Topeka Blvd Topeka, KS 66609
For Sale
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This exceptional 1.41-acre commercial land parcel, located at 3846 SW Topeka Blvd in Topeka, Kansas (zip code 66609), presents a compelling redevelopment opportunity. Situated in Shawnee County and zoned C-4, this property enjoys a prime location adjacent to the newly constructed Kansas Turnpike Authority (KTA) offices. The area is experiencing significant revitalization, creating a dynamic environment for future development. The property's strategic position benefits from the ongoing renaissance of the Topeka Boulevard area, a transformation described as exceeding the impact of previous major developments. To facilitate redevelopment, the possibility of utilizing Community Improvement District (CID) and Tax Increment Financing (TIF) options exists. CID taxes levied within a designated district can fund public infrastructure improvements, while TIF leverages future property tax increases to repay debt incurred for redevelopment projects. These financing mechanisms can significantly enhance the attractiveness of this property to investors and developers. Interested parties are encouraged to contact local economic development agencies or city officials to explore the specifics of available CID and TIF programs and their potential benefits. The seller is actively pursuing economic development funding to prepare the site for development and upgrade infrastructure. This proactive approach aims to make the property "shovel ready" and expedite the redevelopment process. The property is currently vacant.
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Travelers Inn Hotel & Motel
This district is established to provide for commercial uses and activities which are intended to serve as community or regional service areas
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
C4 · Topeka, KSThis district is established to provide for commercial uses and activities which are intended to serve as community or regional service areas
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.