3732 SW Topeka Blvd Topeka, KS 66609
South Topeka NeighborhoodEstimated payment $12,174/month
Highlights
- 307,534 Sq Ft lot
- No HOA
- Many Trees
About This Lot
Prime Commercial Opportunity with Income-Producing Motel and Development Potential Near Major Interstate!
Discover a rare investment opportunity with significant income and development potential! This commercial property includes an established, income-producing motel and multiple parcels with excellent visibility and accessibility. Located just off a major interstate and bordered by two key city thoroughfares, this property benefits from a high daily traffic count and is situated in an area seeing exciting new business growth.
With ample land for development, this site offers endless possibilities for retail, hospitality, or mixed-use projects. Located within a designated Tax Increment Financing (TIF) district, the property also qualifies for tax incentives, making it even more attractive for savvy investors looking to maximize their returns.
• Location: Close proximity to major interstate and highly visible along two main city routes
• Development Potential: Ample land for expansion in an area attracting new businesses
• Income-Generating: Established motel with steady revenue stream (reference HMLS 2536560 for separate sale opportunity)
• High Traffic Count: Excellent exposure and visibility for future development
• Tax Incentives: Property is in a TIF district for potential tax advantages
Capitalize on this growing area’s momentum and secure a premier location with great income potential and development upside. Contact us today for more information on this exceptional commercial opportunity!
Listing Agent
Coldwell Banker Commercial-Gri Brokerage Phone: 785-471-8737 Listed on: 10/30/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $16,210
Lot Details
- 7.06 Acre Lot
- Many Trees
- Possible uses of the property include Commercial, Industrial, Multi-Family
- Property is zoned C4
Home Design
- Asphalt
Community Details
- No Home Owners Association
Listing and Financial Details
- $0 special tax assessment
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $7,498 | $51,173 | $0 | $0 |
| 2022 | $8,474 | $55,263 | $0 | $0 |
| 2021 | $8,713 | $54,720 | $0 | $0 |
| 2020 | $10,091 | $64,028 | $0 | $0 |
| 2019 | $10,151 | $64,028 | $0 | $0 |
| 2018 | $10,162 | $64,028 | $0 | $0 |
| 2017 | $10,184 | $64,028 | $0 | $0 |
| 2014 | -- | $90,722 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/02/2024 11/02/24 | For Sale | $1,937,287 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Lawyers Title | |
| Quit Claim Deed | -- | Kansas Secured Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $325,000 | New Conventional | |
| Previous Owner | $325,000 | Future Advance Clause Open End Mortgage |
Source: Heartland MLS
MLS Number: 2517912
APN: 134-19-0-20-03-007-000
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Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888)952-6393
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