503 S Kansas Ave - Office FOR SALE


Topeka, KS 66603- Downtown Topeka
$5,395,000 USD
785-228-5304
503 S Kansas Ave, Topeka, KS for Sale
$5,395,000 USD
Office - FOR SALE
1/17
null | Request Cap Rate

503 S Kansas Ave
Topeka, KS 66603
Downtown Topeka


HIGHLIGHTS

  • 100% leased through January 31, 2030

OVERVIEW

Price Reduced! The New England Building is a 92,198+/- SF office building in downtown Topeka, Kansas. This six-story building was built in 1911 and has been renovated many times over the years, with the most recent being in 2020. It is 100% leased by two State of Kansas tenants, the Kansas Department of Aging and Disability Services and the Kansas Department for Children and Families. The building is in an Opportunity Zone, offering significant tax advantages to investors. One of the key benefits is the ability to temporarily defer taxes on capital gains that have already been earned, providing a potential for tax savings in short term.

FOR SALE DETAILS

PRICE

$5,395,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRICE REDUCED

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C-5

APN/PARCEL ID

109-31-0-10-22-001-000

ASK ABOUT THIS PROPERTY

Mike MorseKansas Commercial Real Estate Services, Inc.More Info
785-228-5304

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Mike MorseKansas Commercial Real Estate Services, Inc.More Info
785-228-5304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.