Marketing Description
This unique parcel of land is perfectly situated between two bustling streets: Topeka Blvd. and Kansas Ave. It presents an excellent opportunity for investment or development in a prime location. The property is currently occupied by a hotel which can be demolished upon purchase to make way for new development as per the buyer's requirements.
The land itself is an amalgamation of eight individual parcels, each held under separate LLCs. However, the convenience of dealing with one owner for all parcels ensures a smooth transaction process and ease of consolidation. For buyers interested in specific sections of the land, the possibility of partitioning exists, with parcels facing either Kansas Ave. or Topeka Blvd. available.
We are open to a variety of arrangements to suit potential investors or tenants. This includes ground leasing opportunities and build-to-suit agreements for tenants looking for a bespoke building solution in this prime location.
This versatile property is ripe for a multitude of development opportunities, whether commercial or residential. Its prime location and flexible purchase or leasing options make it a compelling opportunity for savvy investors and developers.
For more information or to arrange a viewing, please get in touch with our team.
Investment Highlights
Seven Acre Parcel: An area this size certainly offers plenty of opportunities. Depending on the location, the local market demands, and zoning regulations, it could be developed into a variety of options. Alternatively, if it's in a commercial area or zoning permits, it could be developed into a commercial complex, such as a shopping center, an office park, or even a mixed-use development.
New Ownership at White Lakes Mall: Changes in ownership can significantly affect the surrounding community, depending on the new owner's plans. If the new owner is planning to revitalize the land by attracting new businesses or upgrading the infrastructure, it could stimulate local economic growth.
Redevelopment at 32nd and Topeka Blvd: Successful redevelopment projects often lead to a ripple effect of revitalization in the surrounding area. The redevelopment project at 32nd and Topeka Blvd can increase property values, bring in new businesses, and attract more people to live, work, and shop in the area. This can have a knock-on effect on nearby properties, making them more appealing for further development or investment.
Given these points, it appears that the area is experiencing a significant period of change and investment. For potential investors, it could be an excellent opportunity to get involved in the early stages of this redevelopment. However, it's always essential to do a thorough due diligence process, understanding local real estate laws and market conditions before making any significant investments.
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