Subject: Unique Multifamily Development Potential in Topeka, Kansas.
Multifamily Developers,
MCRE presents an exceptional opportunity for a multi-family
housing development project at a distinctive location: our Performance Center,
which is currently owned and operated by Great Life.
The Performance Center is available for purchase at a sales
price of $2.6 million. The site is composed of five assembled properties that
span approximately 2.74 acres. The main building, boasting a significant
footprint of 56,907 square feet, forms a considerable part of this property. We
believe this particular location offers a prime opportunity for the creation of
loft-style living, complete with a host of amenities that could be repurposed
to enhance the living experience.
Our vision includes retaining unique aspects of the current
facility, such as the pool, spa, and walking track. These features would
distinguish the development and contribute to an appealing, modern living
environment for future residents.
We have engaged Bryan Falk, a renowned architect, to create
initial floor plans for potential developments. Preliminary layouts suggest the
capacity to comfortably accommodate 40 to 50 apartment units within the
existing building. Furthermore, Kenny Blair from Cook Flat and Strobel has
conducted a comprehensive structural survey of the property and found it to be
solid and structurally sound, reinforcing our belief in the viability of this
project.
Beyond the existing structure, the size of the site leaves
ample room for potential expansion, allowing for additional units to be
developed, effectively enhancing the scope and profitability of the project.
While our preference would be a direct sale, we understand
the dynamics of such projects and are therefore open to discussing various
formats of development agreements. If you find this opportunity aligns with
your company's interests and vision, we would be more than willing to explore
different avenues to realize this project.
We invite you to inspect the site, review the proposed
plans, and explore the exciting potential this development offers. We're
confident that this is a unique opportunity for a multifamily developer to
convert the existing building and possibly extend it, creating a remarkable
residential offering in our community.
Please feel free to contact us at your earliest convenience
to discuss this opportunity further or arrange a site visit.
We look forward to the sale or the possibility of partnering
with you on this exciting project.
Henry McClure
https://www.crexi.com/properties/1023991/kansas-421-sw-van-buren-st
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