708-714 N Main St DownTown Newton 708-714 N Main st 12,626 SF 100% Leased Retail Building Newton, KS 67114 $548,378 CAD ($43.43 CAD/SF)
INVESTMENT HIGHLIGHTS
- Downtown Newton shops
- Parking available
- Downtown Newton apartments
EXECUTIVE SUMMARY
Prime commercial investment opportunity in Downtown Newton, Kansas. Four 25 foot front buildings. Currently leased. 4 one-bedroom apartments upstairs, fully rented, with potential for 2 more large apartments with renovation. Great income on rented properties. Parking behind buildings and Main Street parking. Very busy retail tenant occupies three of the four main floor buildings. Current retail tenant occupies 6,326 sq ft main floor. Apartments that are rented occupies 2,000 sq ft 2nd floor above 712-714. Apartments available for renovation occupies 2,650 sq ft above 708-710. 714 N. Main is a month-to-month lease with good potential to rent as an office or retail.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,626 SF
Building Class
B
Year Built/Renovated
1888/2023
Price
$548,378 CAD
Price Per SF
$43.43 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.65
Lot Size
0.18 AC
Zoning
Commercial - Downtown commercial on main floor, residential on 2nd floor. Very good income property
Frontage
75’ on Kansas 15
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 094-17-0-10-22-008.00-0 | Improvements Assessment | $30,938 CAD |
| Land Assessment | $4,245 CAD | Total Assessment | $35,184 CAD |
CONTACT
-
Murray Anderson - Murray Anderson
