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Property profile & analytics
OFF-MARKET Estimated value $915,000
Retail space

609 Cedar St Perry, KS 66073-4357

9,000 SF 0.34 ac lot Built 1975
Entity Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US33-1571443
Property summary
AI-generated overview

This exceptional 14,634-square-foot retail property, located at 609 Cedar Street in Perry, Kansas, presents a unique investment opportunity. Previously operating as a grocery store, this building offers significant potential for a variety of commercial uses. The property sits on a 0.3-acre lot and boasts convenient highway access via HWY 24, placing it just three miles from Perry Lake. This strategic location benefits from high traffic volume, attracting individuals traveling between Lawrence and Manhattan, as well as lake-bound visitors. Built in phases (1975 and 1996), the structure includes a smaller storage shed, adding to its functional versatility. The asking price is $400,000, translating to a price per square foot of $27.33. The property is zoned for Commercial and Industrial use, opening doors to a wide range of redevelopment possibilities. This is an ideal location for businesses seeking high visibility and convenient access to a substantial customer base. The property's history as a successful grocery store provides a solid foundation for future success, while its flexible zoning allows for adaptation to diverse business needs. Serious inquiries are encouraged to explore the full potential of this prime commercial real estate offering.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Total area 9,000 SF
Lot 0.34 ac (14,810 SF)
APN 236-23-0-30-02-001.01-0
UPID US33-1571443
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
Current use
Occupant on record · Public records
  • ATM Atm Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$805k
Comparable Approach Comparable
by Request
Blend (final) Blend
$915k
Owner & transaction history
BCB REAL ESTATE, LLC
BCB REAL ESTATE, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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