505 Housatonic St Burlington, KS 66839-1712
- Retail space
- 11,918 SF
- 2.20 lot acres
Current Use by Public Records
- Retail space
Property Details for 505 Housatonic St
- Year built
- 2014
- Lot size
- 2.20 lot acres
- Property size
- 11,918 SF
- Property type
- Retail space
- APN
- 138-34-0-10-01-001.01-0
- APU
- 1383401001001010
Description
This exceptional 11,879 square foot retail storefront, located at 505 Housatonic St in Burlington, Kansas, presents a unique investment opportunity. Situated on a 2.2-acre lot, this property boasts a relatively new building in excellent condition. The property's previous use as a Wal-Mart Market provides a strong foundation for a variety of retail ventures. A significant advantage is the inclusion of gas pumps, underground tanks, and a complete fuel dispensing infrastructure, offering potential for added revenue streams. The strategic location adjacent to Chevrolet/Buick and Ford dealerships ensures high visibility and significant foot traffic. Furthermore, the property benefits from proximity to other established retailers, including Sonic, Subway, Pizza Hut, Dairy Queen, Casey's General Store, Shopko, and Dollar General, creating a vibrant and attractive commercial environment. The asking price for this turnkey retail space is $350,000, making it an attractive proposition for investors seeking a well-located, established property with significant potential. The property is zoned for commercial use and is located in Coffey County, Kansas, zip code 66839. This prime location offers excellent access and visibility, making it an ideal space for a variety of retail businesses. The property's size and existing infrastructure provide ample opportunity for expansion and customization to suit the needs of a new owner.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $490,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $470,000
- Geo Method
- $505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $445,000
- Retail
- $430,000
- Mixed-Use
- $540,000
- Hospitality
- $510,000
- Educational
- $470,000
- Residential Income
- $490,000
- Energy
- $455,000
- Income-Based Land
- $465,000
- Food Service
- $490,000
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Coffey
- State
- Kansas
- Longitude
- -95.741
- Latitude
- 38.1842