Retail Strip in Newton, KS!

Retail-Commercial for Sale
Catylist Listing ID: 30586203
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 6,054 SF
Gross Land Area: 0.79 Acres
Sale Price: $265,000
Unit Price: $43.77 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2020

Overview / Comments

Great opportunity to add this multi-tenant retail center to your investment portfolio! This property is currently 66.7% occupied with a vacant, former laundromat currently up for lease. Seller is working with tenants on putting together long-term, written leases that will transfer with the sale of this property. Anchored with Kansas Retail Liquor, co-tenants include Puff's Vapor and Pawsitively Groomed. Seller is a licensed Real Estate broker in the State of Kansas and has an equitable interest in the property. All information contained herein is thought to be correct, but is not guaranteed.

Additional Details

Nearest MSA: Wichita
County: Harvey
Tax ID/APN: 0400952102007002000
Zoning: GENERAL BUSINESS DISTRICT
Retail Clientele: General
Property Located Between: South of E 1st Street and Kansas Ave.
Property Visibility: Good
Traffic/Vehicle Count: 4,885
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1958
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Block, Metal Siding
Total Parking Spaces: 25
Parking Ratio: 4.1 (per 1000 SF)
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Lot Frontage: 150 feet
Water Service: Municipal
Sewer Type: Municipal
Legal Description: S21, T23, R01E, BEG 674S & 30E OF NW COR NW1/4, N150, W TO RR ROW, SE TO PT E OF POB, W TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,739 18,556 22,204
Median Age: 36.56 38.52 38.81
Households: 2,373 7,414 8,783

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