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Property profile & analytics
OFF-MARKET
Retail space

602 Washington St Concordia, KS 66901-2807

10,052 SF 0.14 ac lot Built 1890
Individually Owned Free & Clear
Property ID
US33-0934387
Property summary
AI-generated overview

Prime downtown Concordia location, this 5,696 sq ft office building presents a unique investment opportunity. The property boasts three separate office spaces, offering flexibility for various business needs. One space is currently leased to Cloud Corp on a long-term contract, featuring updated flooring, a reception area with a secure storage safe, multiple private offices, a large conference room with kitchenette, a half-bath, and enclosed storage. A second space is vacant and ready for a new tenant, offering a wide-open layout. The third space, previously occupied by Moody Hue, has undergone significant renovations, including new wiring, plumbing, HVAC, flooring, light fixtures, and a bathroom with an exterior handwashing sink. An upstairs area, accessible via an exterior entrance on Washington Street, offers additional space for development, with grants potentially available to assist with renovations. The building also features new windows (partially installed), a full basement with storage, a utility room, and an old public restroom. The property sits on a large 5.898-acre lot. Current lease details and income information are available upon request. Some improvements will transfer to the new owner.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1890
Construction FRAME
Total area 10,052 SF
Lot 0.14 ac (6,098 SF)
APN 038-33-0-30-12-001.00-0
UPID US33-0934387
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
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Comparable Approach Comparable
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Owner & transaction history
ROBERT L EUBANKS
ROBERT L EUBANKS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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