400 SE 8th Avenue, Topeka, KS 66603

Description

400 SE 8th Avenue – 2.54± Acres – Downtown Topeka. Prime 110,536 SF (2.54± acre) redevelopment opportunity located directly adjacent to the City’s Cyrus K. Holliday Office Building and zoned D1 – Planned Development District. The site is currently configured as a surface parking facility with room for approximately 250 parking spaces based on overall site configuration, providing potential interim income during planning, entitlement, and development stages. Strategically positioned adjacent to Interstate 70, a major east-west corridor serving Missouri, Kansas, Colorado and beyond, carrying approximately 40,000 vehicles plus or minus per day through metro Topeka, the property offers strong regional connectivity and visibility. Proximity to state and municipal office buildings supports consistent daytime employment activity, while increasing residential density within the downtown core contributes to evening and extended-hour demand, including the approved 192-unit luxury residential development, The Hutch, and the 250-unit Union at Tower District residential community. The property is located within the Downtown TIF District and an NRP At-Risk Area, and Industrial Revenue Bonds (IRBs) may be explored depending on project scope and applicable approvals. Potential uses include fuel/convenience retail, hospitality, office, coffee shop, quick-service restaurant concepts, and mixed-use development, subject to buyer due diligence and approvals. Rare Interstate 70-adjacent downtown redevelopment opportunity with interim income potential. Property is currently publicly owned and tax-exempt; future property taxes will be determined following transfer to private ownership. Utilities are believed to be available in the vicinity; buyer to independently verify access, capacity, and connection requirements. Existing sanitary sewer lines are believed to be present on or near the property. Buyers should perform their own due diligence regarding locations and potential impacts.