Property profile

621 2nd St Independence, KS 67301

OFF-MARKET
Assisted living facilities
Property ID
US33-0655547
18,696 SF 0.89 ac lot Built 1959
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 19,292 square foot property, located at 621 S 2nd N/A in Independence, Kansas, presents a unique investment opportunity. Built in 1970, this single-story building sits on a 0.9-acre lot and boasts a classic H-layout, offering the potential for dual independent uses. Previously utilized as a residential assisted living facility, the property features 33 resident rooms and 36 bathrooms, along with a large commercial kitchen, ample living areas, dining space, and administrative offices. Its ADA accessibility ensures broad usability. The City of Independence actively supports business development through various incentives, including tax breaks, grants, and workforce training assistance. While previously used as an assisted living facility, this property is not suitable for long-term care or assisted living facilities going forward. The zoning for this property is R-1 and C-1. Explore the possibilities for this versatile space, ideal for a variety of uses including senior housing, educational or training centers, community centers, or other similar ventures. The property's infrastructure and layout provide significant flexibility for adaptive reuse. This is a remarkable opportunity to acquire a substantial property in a supportive community environment.

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1959
Total area 18,696 SF
Lot 0.89 ac (38,768 SF)
APN 099-31-0-40-08-011.00-0
UPID US33-0655547

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tanning Salon

Location

621 2nd St Independence, KS 67301-4311
Independence metro Census 950600 COFFEYVILLE, KS MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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