700 7th St Topeka, KS 66607-1833
This exceptional investment opportunity presents a three-building industrial complex totaling 16,192 square feet on a 2.4-acre lot in Topeka, Kansas. The property, located at 635, 700 & 706 SE 7th Street, boasts a desirable blend of flex and warehouse space, ideal for a variety of uses. Built in 1906 and renovated in 1984, the buildings feature a combination of dock-high and drive-in access, offering flexibility for various operational needs. Ceiling heights range from 14 to 18 feet. The property is zoned I-2 (Heavy Industrial), providing ample opportunities for expansion or redevelopment. 706 SE 7th Street has recently undergone interior remodeling and repainting. 700 SE 7th Street currently houses multiple tenants, presenting potential for additional income. While 635 SE 7th Street is included in the asking price of $500,000, it can be excluded from the sale if desired. The property also includes a fenced yard, offering additional space for potential development. Strategically located east of downtown Topeka, the complex enjoys convenient access to I-70, situated within four blocks of the interstate and just south of the 6th Street Railroad Bridge. An alternative access point is available via the Adams Exit on I-70, a short distance south. This prime location, coupled with the versatile space and potential for future income, makes this a compelling investment prospect. The price per square foot is $30.88. The property features two dock-high doors.
This district is established to provide for the use and location of all other uses excluded in other districts except for residential dwellings
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I2 · Topeka, KSThis district is established to provide for the use and location of all other uses excluded in other districts except for residential dwellings
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.