718 Kansas Ave Topeka, KS 66603-3808
This 8,186 square foot, three-story retail building located at 718 S Kansas Ave in Topeka, Kansas (zip code 66603) presents a unique opportunity. Originally constructed in 1900 and extensively renovated in 2017, the property is zoned C5 and currently offers a mix of occupied and vacant space. A significant portion, 3,478 square feet, is currently vacant, providing ample room for a new tenant or expansion. The building's previous use as a Jersey Mike's sandwich shop makes it ideally suited for a similar fast-casual restaurant concept. Key features include abundant natural light, high ceilings, and existing walk-in cooler and freezer units, all in excellent condition. The multiple tenancy structure allows for flexibility in leasing arrangements. This prime downtown Topeka location offers high visibility and easy access for customers. The property's history and recent renovations combine to create a unique and attractive space for a discerning restaurant operator. This is an exceptional opportunity to establish a thriving business in a vibrant urban setting.
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
C5 · Topeka, KSCosts & 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.