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Property profile & analytics
OFF-MARKET
Commercial real estate

401 Buchanan Ln Galena, KS 66739

8 ac lot
Property ID
US33-1240923
Property summary
AI-generated overview

This 8-acre parcel in Galena, Kansas, presents a unique investment opportunity situated near historic Route 66. The property offers potential for various developments, including a trailer park or RV park, given its convenient location. Alternatively, the land could be subdivided into approximately eight 1-acre lots, ideal for residential development. Existing infrastructure includes city water, electric service, and a septic system located at a former homesite, providing a head start on development. Please note that the driveway on the south side of the property is not included in the sale. The seller has permission to utilize existing utilities on the land. This motivated seller is eager to receive offers. The property is located at 401 Buchanan Lane, Galena, KS 66739, and is priced at $79,900. This represents a compelling chance to capitalize on the area's potential and create a profitable venture. Serious inquiries are encouraged. Buyers are responsible for conducting their own due diligence regarding zoning regulations and development possibilities.

Property profile
Verified
Property type Commercial real estate
Lot 8 ac (348,480 SF)
UPID US33-1240923
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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