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Income Producing Business,Commercial Property 405 W Carthage St

2,400 SF Vacant Retail Building Meade, KS 67864 $338,436 CAD ($141 CAD/SF) 11.34% Cap Rate

Investment Highlights

  • Established liquor store
  • Parking and extra lots
  • Additional store front

Executive Summary

Imagine owning a prime commercial and residential property located on the West side of Meade, Kansas, right along Highway 54. This gem of a property exhibits a spacious 40 x 60 metal building, offering not just one, but two potential storefronts, each with its own unique opportunities.
The main section of the building currently operates as a highly profitable liquor store, complete with a generous walk-in cooler, a dedicated office space, and convenient restroom facilities. This established business presents an immediate revenue stream for savvy investors looking to hit the ground running.
But wait, there's more! The other side of the building features its own bathroom, opening up a world of possibilities for additional commercial endeavors. With half an acre of land at your disposal, ample parking space is readily available to accommodate customers and clients alike.
What truly sets this property apart is its versatility. A concrete pad with power hookup stands ready to accommodate anything from additional storage sheds to food trucks, capitalizing on the area's thriving local scene. Speaking of which, there's already an electric meter in place serving a taco truck, highlighting the potential for lucrative partnerships or additional rental income streams.
Whether you're an entrepreneur seeking to expand your portfolio, a budding restaurateur looking to make your mark, or an investor keen on tapping into the steady revenue stream of an established liquor store, this property offers endless opportunities for growth and prosperity. Don't miss out on your chance to own a piece of Meade's vibrant commercial landscape—schedule your viewing today and capitalize on the potential of this remarkable investment opportunity!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,400 SF
Year Built
2014
Price
$338,436 CAD
Price Per SF
$141 CAD
Cap Rate
11.34%
NOI
$38,394 CAD
Percent Leased
Vacant
Building Height
1 Story
Zoning
Commercial/Residential - Zoned as Commercial/Residential
Frontage
300 ft on Highway 54

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
131-11-0-20-06-002.00-0
Land Assessment
$3,019 CAD
Improvements Assessment
$36,500 CAD
Total Assessment
$39,519 CAD
  • Listing ID: 31523282

  • Date on Market: 2024-04-16

  • Last Updated:

  • Address: 405 W Carthage St, Meade, KS 67864

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