917 Broadway Ave Sterling, KS 67579-1531
This exceptional 2,748 square-foot retail space, formerly a Sonic Drive-In, presents a unique opportunity in Sterling, Kansas. Situated on a 1.01-acre lot at 917 N Broadway Ave, this single-tenant property boasts a prime location adjacent to Sterling College, a four-year liberal arts institution. The college's strong enrollment of 650 students, representing 37 states and 16 countries, with a diverse student body (25.5% ethnic minorities), creates a substantial potential customer base. The property's design reflects a larger Sonic prototype, featuring interior seating. This established location offers immediate visibility and accessibility, making it an attractive proposition for a variety of food service or retail businesses. Note that existing equipment is sold separately. The property is located in Rice County, Kansas, zip code 67579, and offers significant potential for a new owner or tenant to capitalize on the existing infrastructure and strong local demographics. The property's size and location make it a rare opportunity in the Sterling market. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.