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500 W 1 St Ave 13,686 SF Office Building Hutchinson, KS 67505 $1,744,000 CAD ($127.43 CAD/SF)

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EXECUTIVE SUMMARY

Versatile space currently used as a professional office setting ready for your next business venture! Two buildings with multiple conference rooms, many private offices and an additional parking lot this property offers many options to the next owner! The main building offers nearly 10,000 sq ft of office space with updated fixtures, modern cubicles and private office spaces for management along with plenty of parking! The brick veneer, beautiful landscape and large windows really catch the eye of any passerby! Inside the large conference room creates a professional yet stylish setting for visitors. Into the secured area there are multiple open spaces with cubicles, a breakroom, training offices, updated bathrooms and management offices all with large windows and great updates. Upstairs continues the overall modern look and options as the main floor. Well maintained inside and out this building has a generator large enough to keep power going when weather strikes. The SECOND building offers additional updated space with a large conference room, a smaller conference room, a break room and updated bathrooms with showers! The tall ceilings and open rafter look bring this 1928 round top building into the modern world. This parcel includes the north parking lot and the manicured yard area with the gazebo! Across 1st Avenue an additional parking lot creates even more usable space. All of this in the heart of Hutchinson waiting for your next business venture!

Floor Plan

Annex Floor Plan

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Building Size

13,686 SF

Building Class

Year Built/Renovated

1983/2000

Price

$1,744,000 CAD

Price Per SF

$127.43 CAD

Tenancy

Single

Building Height

2 Stories

Typical Floor Size

6,843 SF

Building FAR

0.46

Lot Size

0.68 AC

Zoning

I2 - Reno Co C1 Zoning

Controlled Access

Courtyard

Air Conditioning

MAJOR TENANTS

Administrative and Support Services
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In 1996, Steve Fredrickson and Kevin Stevenson had a vision for a professional business in the nonperforming loan industry. With four employees in Norfolk, Virginia, they set out to found a company that would do things differently. Things like helping improve financial futures by taking a customer-first approach, providing affordable and flexible payment options, meeting high levels of compliance and reliability, and creating rewarding careers for employees. They took Portfolio Recovery Associates, Inc. public in November 2002 and changed the parent company name to PRA Group, Inc. in October 2014. Today, PRA Group has grown to become a global leader in the nonperforming loan industry with operations and thousands of employees around the world. Nearly three decades since their founding, they remain focused on doing things the right way, for the right reasons, for the long term.