826 N Roosevelt St - Storefront Retail/Office FOR SALE


Marion, KS 66861
$95,000 USD
305-206-1286
826 N Roosevelt St, Marion, KS for Sale
$95,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | Request Cap Rate

826 N Roosevelt St
Marion, KS 66861


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | AUCTION DECEMBER 8-10
  • 10,697 SF Freestanding Value-Add Retail on 1.05 Acres Available at Substantial Discount Below Replacement Cost
  • Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Dollar General, Ace Hardware, Airport, Napa Auto Parts, USPS, Country Inn & Suites, St. Luke Hospital, Subway
  • Just Off US Hwy 56 with Traffic Counts of 2,221 VPD with Access and Visibility on N Roosevelt Street
  • Attractive Demographics with Population of ±4,260 and Annual Household Income of ±$68,111 (10-mile radius)

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 826 N Roosevelt Street, Marion, Marion County, Kansas 66861 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE! Built in 2022, the Property consists of a ±10,697-square-foot, single-story free-standing retail building situated on ±45,900 square feet (±1.05 acres) with an asphalt surface parking lot with 33 spaces. The site is strategically positioned with ±173 feet of frontage along N Roosevelt Street and approximately 0.5-miles from US Highway 56 which sees approximately ±2,221 vehicles per day (VPD), ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $5–$6/SF NNN. Zoned GC (General Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike. Marion is located along U.S. Route?56 and within the scenic Flint Hills region of central Kansas, providing regional visibility and support from surrounding rural trade. The county economy is anchored in education, manufacturing, and agriculture. The site is situated just north of central Marion, offering convenient access to local businesses, schools, and established residential neighborhoods. Surrounding traffic generators include Dollar General, Ace Hardware, Airport, Napa Auto Parts, USPS, Country Inn & Suites, St. Luke Hospital, Subway, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,337 residents and an average household income of ±$68,111 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.

FOR SALE DETAILS

PRICE

$95,000 USD

PRICE/SF

$9 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction-REIT Sale | Fmr Family Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

LI

APN/PARCEL ID

119-32-0-10-04-004.00-0

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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