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Property profile & analytics
OFF-MARKET
Retail space

801 Penn Ave Independence, KS 67301-2708

1,912 SF 0.29 ac lot Built 1984
Entity Owned Free & Clear
Property ID
US33-0276561
Property summary
AI-generated overview

This exceptional 0.45-acre retail property located at 801 N Penn N/a, Independence, KS, presents a unique investment opportunity. Built in 1984, this custom-designed building boasts 179,000 USD asking price and offers versatile space ideal for retail, office, or restaurant use. The interior features a spacious showroom with attractive wood vaulted ceilings and two large bay windows, providing ample natural light. A well-equipped workspace includes a separate office, a dedicated workroom, and a convenient kitchen area. Additional storage is available in a garage and the attic above. The property also includes three floral coolers, a recently updated phone system (installed two years ago), a modern intercom system, and brand new LED lighting throughout. Two half-bathrooms cater to customer and employee needs. Exterior features include attractive landscaping enhanced by an automatic sprinkler system. While the current floral fixtures and inventory are included in the sale, the existing business name and family furnishings will not be transferred. This property's prime location and exceptional curb appeal make it a truly one-of-a-kind opportunity. Don't miss this chance to own a versatile and well-maintained commercial space in a thriving community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Construction FRAME
Total area 1,912 SF
Lot 0.29 ac (12,632 SF)
APN 099-30-0-30-05-009.00-0
UPID US33-0276561
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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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
SHELDON PROPERTIES INC
SHELDON PROPERTIES INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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