421 Van Buren St Topeka, KS 66603-3331

This exceptional investment opportunity presents a unique chance to redevelop a 200,000 square foot, single-building property situated on a 1.55-acre lot in Topeka, Kansas. Currently zoned C4, this mixed-use, multifamily property offers significant potential for conversion into loft-style apartments. The existing structure, which has undergone recent renovations, is structurally sound according to a recent professional survey. Preliminary architectural plans suggest the potential for 40-50 apartment units within the existing building, with additional expansion possibilities on the ample land. Desirable existing features, such as a pool, spa, and walking track, could be repurposed to enhance the residential experience. The property's location in Shawnee County, Kansas, offers a prime opportunity for a multifamily developer seeking a unique project with substantial upside. The asking price is $2,600,000. Detailed plans are available upon request. This property consists of five contiguous parcels totaling approximately 2.74 acres, providing significant flexibility for development. The property's address is 421 SW Van Buren St, Topeka, KS 66603, and its APN is 089-109-31-0-10-17-001.00-0. This is a rare opportunity to acquire a large-scale property with significant redevelopment potential in a desirable location. The seller is open to discussing various development agreements.