Manhattan & Thurston Premier Properties

Listed on Dec 2, 2024

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Mixed Use

Property Type

No NOI data

Net Operating Income (NOI)

9 unit(s)

Total Units

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CAP RATE

9

Leasable Doors

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Price per unit

Mixed Use

Subtype

A remarkable chance to own a collection of properties in one of Manhattan’s most sought-after locations is now available! This strategic portfolio, ideally located along Manhattan Ave. and Thurston St., offers the perfect foundation for an impactful revitalization project in the heart of the city. The vacant lot at 1000 N. Manhattan Avenue can stand as an independent investment opportunity with significant potential for development. Properties located at 1120 N. Manhattan Avenue, 1226 Thurston Street, and 1230 Thurston Street, are only available for purchase as a bundled package. These parcels are ideal for redevelopment, expansion, or maintaining their current use, with a prime location close to the University and downtown amenities.

Create exceptional packages by combining the KSUF properties with neighboring properties listed below whose owners are open to selling to create an expansive redevelopment footprint. These five properties, referred as the Thurston Corridor, will only be sold in conjunction with the aforementioned properties – not as standalone purchases. The combined acreage and central location make this an ideal investment for innovative development, catering to Manhattan’s growing demand for modern retail, dining, residential, or mixed-use spaces.

Property Highlights:

  • Prime Location: High-traffic area, close to Kansas State University and downtown amenities.
  • Redevelopment Potential: Rare chance to assemble multiple contiguous properties for large-scale development.
  • Flexible Use Options: Ideal for mixed-use, residential, or commercial development in a thriving neighborhood.
  • Community Impact: Opportunity to lead a revitalization project that enhances local living and commerce.

Location, Incentives & Opportunities:

When these three factors collide, it creates an environment that is ripe for investment and development. Don’t miss out on this unprecedented opportunity to acquire space in this well-established area along Manhattan Avenue & Thurston Street: 1000 N. Manhattan Avenue, 1230 Thurston Street, 1226 Thurston Street, and 1120 N. Manhattan Avenue. The seller is providing a rare occasion as they are focusing efforts elsewhere in town. A neighboring property owner is offering additional properties at 1200, 1206, 1212, 1216 & 1224 Thurston to make an even larger footprint. This high visibility area is zoned Residential Commercial and/or Residential High Density. Unique opportunity for continued use or total redevelopment. It is designated as a Federal Opportunity Zone. Visit with the City of Manhattan Community Development to learn what all is possible. There are new opportunities for the future!

Key Details:

  • KSUF Manhattan Lot: 1000 N. Manhattan Avenue is available as a stand-alone investment opportunity.
  • KSUF Manhattan/Thurston: 1120 N. Manhattan Avenue, 1230 and 1226 Thurston Street are available as a package.
  • Thurston Corridor: Open to selling ONLY if bundled with the KSUF Manhattan/Thurston properties.
  • All properties in this brochure are located in the Urban Residential Core and within a Federal Opportunity Zone.

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