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
- Sewer:
- Public Sewer, With-In 500'
- Zipcode:
- 66603
- Street:
- 5th
- Street Number:
- 204
- Street Suffix:
- Street
- Longitude:
- W96° 19' 32.3''
- Latitude:
- N39° 3' 14.5''
- Street Dir Prefix:
- SW
- Zoning:
- D1
- Directions:
- From Topeka Blvd, go east on SW 5th Street. Property is located on the north side of SW 5th Street near SW Jackson Street.
- Mls Area Major:
- 998 - Other Kansas Area
- High School District:
- Topeka
- Office Name:
- Coldwell Banker Commercial-Griffith & Blair
- Agent Name:
- Scott Boling
- Tax Annual Amount:
- $0
- Association Fee:
- $0
- Water Source:
- City/Public - Verify
- Current Use:
- Other, Commercial
- Lot Features:
- Corner Lot, City Lot, Level
- Lot Size Dimensions:
- 150x200
- Possible Use:
- Commercial, Multi-Family, Urban
- Association Fee Frequency:
- Annually
- List Agent Mls Id:
- 4220026831
- List Office Mls Id:
- CBGB3
- Listing Term:
- Cash
- Mls Status:
- Active
- Modification Timestamp:
- 2026-05-27T18:33:11Z
- Originating System Name:
- HMLS
Community: Other, Land For Sale
204 Sw 5th Street, Topeka, Kansas 66603
- Property Type :
- Land
- Listing Type :
- For Sale
- Listing ID :
- 2600866
- Price :
- $215,000
- Status :
- Active
- Property Sub Type :
- Unimproved Land
