DOWNTOWN NEWTON APARTMENT/ COMMERCIAL INVESTMENT

Retail-Commercial for Sale
Catylist Listing ID: 30456829
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 3,250 SF
Gross Building Area: See Agent
Sale Price: $119,999
Unit Price: $36.92 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/12/2019

Overview / Comments

Downstairs:
Lively foot traffic
Open floor plan, “blank slate”
Electric outlets and network cable conduit every 8 ft
Concrete floors
Good lighting
Modern men’s and women’s restrooms
Double doors in rear
Kitchenette
Renovated in 2002
Modern HVAC and electrical service
Across the street from The Old Mill and The Breadbasket
10 foot ceiling height

Upstairs:
Apartment is currently rented
Renovated in 2004 by Regier Construction
Modern HVAC and electrical system
Hardwood floors
Modern bathroom with 4 ft shower
Security system
Hardwired smoke alarms through entire building
Access from back with private staircase
Rooftop recreation area
Access to the street and the commercial space in front
Large walk in closet in master bedroom
Apartment has been easy to rent/lease
Kitchen appliances and washer/dryer hookups
New roof emulsion in 2018
8.5 ft ceiling height

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $3,490 (Annual)

Additional Details

Nearest MSA: Wichita
County: Harvey
Tax ID/APN: 0400941704024009000
Zoning: C-3 COMMERCIAL
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1900
Year Renovated: 2004
Parking Description: 2 spaces in back Street parking in front

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,035 21,041 22,204
Median Age: 34.79 38.48 38.81
Households: 2,072 8,351 8,783
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