Exceptional Property for Sale at 421 SW Van Buren St.: A great renovation in process
FEATURED
Step into a world of endless possibilities with this property offering a great renovation in process. The property spans 2.74 acres, comprising five contiguous properties, making it a developer's dream canvas.
The property located at 421 SW Van Buren St, Topeka, KS 66603 is offered for sale at a price of $2,600,000. It is a mixed-use, multifamily, and special purpose property, specifically classified as an apartment building with a classification of C. The property spans 1.55 acres and has a building with a significant footprint of 200,000 square feet. The site consists of five contiguous properties, totaling 2.74 acres, with plans to convert it into loft-style housing. The listing includes a marketing description, links to online tours, and contact information for Henry McClure, the person handling the sale.
Property Listing Detail:
Location: 421 SW Van Buren St, Topeka, KS 66603
Asking Price: $2,600,000
Property Type: Mixed Use, Multifamily, Special Purpose
Subtype: Apartment Building
Class: C
Square Footage: 200,000
Lot Size: 1.55 acres
Zoning: C4
Henry McClure, representing MCRE, presents an opportunity for a multifamily housing development project at the Performance Center in Topeka, Kansas. The Performance Center, currently owned and operated by Great Life, is available for purchase at $2.6 million and consists of five assembled properties spanning approximately 2.74 acres. The property's main building has 200,000 square feet and is considered a prime location for the creation of loft-style living. The vision for the development includes retaining unique aspects of the current facility, such as the pool, spa, and walking track, to enhance the living experience for future residents. Initial floor plans by renowned architect Bryan Falk suggest the potential to accommodate 40 to 50 apartment units within the existing building, with the possibility of further expansion on the site.
As MCRE presents a unique opportunity for a multifamily housing development project at the Performance Center in Topeka, Kansas. The property, currently owned and operated by Great Life, is available for purchase at a sales price of $2.6 million. The site consists of five contiguous properties spanning approximately 2.74 acres, with the main building boasting a significant footprint of 200,000 square feet. The property offers the potential for the creation of loft-style living, with initial floor plans suggesting the capacity to accommodate 40 to 50 apartment units within the existing building. Additionally, there is ample room for potential expansion, allowing for the development of additional units to enhance the scope and profitability of the project.
The property's location offers a prime opportunity for the development of loft-style living, complete with amenities such as a pool, spa, and walking track that could be repurposed to enhance the living experience for future residents. The property is currently undergoing a renovation process, presenting an exciting opportunity for multifamily developers to create a remarkable residential offering in the community.
The sellers are open to various formats of development agreements and invite potential buyers or partners to inspect the site, review proposed plans, and explore the potential of this development. For further details, property photos, and to arrange a site visit, please contact Henry McClure at 785.383.9994.
In summary, the document outlines a real estate opportunity for the purchase and development of the Performance Center in Topeka, Kansas. It emphasizes the potential for creating loft-style housing within the existing building, with the option for further expansion, and invites multifamily developers to consider this unique opportunity for investment or partnership.
Additional information and photo tour:
https://mcrelofts.blogspot.com/2022/12/photo-tour-performance-center.html
https://mcrelofts.blogspot.com/2023/12/an-epistle-according-to-henry-mcclure.html
Listing link: https://www.crexi.com/properties/1023991/kansas-421-sw-van-buren-st