123 N Broadway St, Pittsburg, KS

Retail for Sale - 5,494 Sq. Ft. on 0.19 acres


Agent Info

Abby Lallemand

Property Info

CIMLS#1189588
Location
  123 N Broadway St
  Pittsburg KS 66762
UpdatedMarch 31st, 2026
TypeRetail
PriceUpon Request
Building5,494 Sq. Ft.
Land0.19 acres

Property Description

Positioned in the core of downtown Pittsburg, this ±5,500 SF corner commercial asset offers a rare opportunity to acquire a highly visible and adaptable property directly across from Pittsburg State University College of Business.

The building is currently operating as a retail space and benefits from strong frontage, natural light, and a flexible floor plan. Leaseback availability provides immediate income potential while preserving optionality for future repositioning.

Surrounded by ongoing development and increased foot traffic, the property offers compelling long-term value with multiple paths for redevelopment.


Financials

Gross Income:

$62,000 (Pro Forma)

NOI (Net Operating Income):

$54,000 (Estimated)

Cap Rate:

7.7% (Projected)

Expenses:

$8,000 (Estimated)

Financial Notes:

Financials are based on a pro forma leaseback scenario. Seller is willing to structure lease terms to achieve target investor returns in the 6%–10% range. Additional details available upon request.