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Listed by Scott Boling • Coldwell Banker Commercial-Griffith & Blair
$ 215,000
Est. payment | /mo
0.69 Acres Lot
$ 215,000
Est. payment | /mo
0.69 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2600866
Lot Size 0.689 Acres
Acres 0.6887052
Lot Dimensions 150x200
Property Sub-Type Unimproved Land
Source hmls
Property Description
Prime Downtown Topeka redevelopment opportunity located at 204 SW 5th Street, near the Kansas State Capitol. This approximately 30,000 SF site is currently configured as a paved surface parking lot and is zoned D1 – Planned Development District, allowing flexibility for commercial, residential, or mixed-use redevelopment. The site is located in the downtown core near state government offices, professional services, and association users, making it well positioned for office, residential, or mixed-use development serving Capitol-related tenants. Nearby area momentum continues with the recently approved $50M luxury residential development “The Hutch,” planned just a few blocks south near 6th & Van Buren, which is expected to include approximately 192 residential units, ground-floor boutique retail, and amenity space with construction projected to begin Q3 2026. Potential incentive programs may include Neighborhood Revitalization Program (NRP), Downtown TIF participation, and potential Industrial Revenue Bond (IRB) financing, depending on project scope and City approval. The property currently generates parking income and may support interim holding strategies while redevelopment plans are finalized. Phase I and Phase II Environmental Site Assessment reports have been completed and are included in the listing documents. Property is currently publicly owned and tax-exempt. Future property taxes will be determined following transfer to private ownership
Location
State KS
County Shawnee
Zoning D1
Interior
Fireplace N
Building
Lot Description City Lot, Corner Lot, Level
Sewer Public Sewer, With-In 500'
Water City/Public - Verify
Schools
School District Topeka
Others
Acceptable Financing Cash
Listing Terms Cash
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