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503 S Kansas Ave
Topeka, KS 66603
PRICE REDUCED · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 100% leased through January 31, 2030
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
86,661 SF
Building Class
B
Year Built/Renovated
1911/2020
Price
$7,439,327 CAD
Price Per SF
$85.84 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
14,444 SF
Building FAR
5.85
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
C-5 - Commercial District
Parking
60 Spaces (0.69 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 109-31-0-10-22-001-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,473,800 CAD |
PROPERTY TAXES
Parcel Number
109-31-0-10-22-001-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,473,800 CAD
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