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123 E Broadway St

Newton, KS 67114
  • $425,000
  • STATUS: Active
  • MLS #: 615002
UPDATED: 14 min ago
$425,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,310
    SQFT
  • $28
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1949
County:

School Ratings & Info

Listing information © 2022 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Mike Weber of J.P. Weigand & Sons.




Description

This Property has a unique blend of Commercial Office Space and Residential Apartments that provide a good cash flow to help with the overhead for an owner/occupier for the commercial space that can be opened up to approx. 8,000 sf of commercial space or leave it as 2 spaces or up to 6 smaller offices as configured now. The Residential piece is comprised of 6 one bedroom, one bath, 600+ sf with appliances included apartment. An exceptional three-bedroom, one bath, with over 2,300 sf of space and a 1,000+ sf Living Room. All of the apartments have been remodeled in the last 4 years to just finishing one of them. There are two entrances to the front of the building to Broadway or the rear of the building with more parking. The City of Newton has a public parking lot that is well lighted at night and maintained by the city that is utilized by the commercial customers and employees and Residential Tenants as well. Current Rent Roll on the apartments is for just 6 apartments with one being remodeled is $3,195.00. Rent for the remodeled apartment will be at $500 - 550.00 a month. The Commercial part has two businesses in them. One of the businesses is building a new building and is projected to be their new building mid next year. The other Tenant is leased until 2024. The other offices are vacant, and walls can be removed or build to suit for any new Tenants. There is storage in the rear at approx. 2,000 sf. Current Rent Roll is $2,648 a month, with a potential of $4,000.00+ of income. Utilities are paid by the tenant by sf leased.

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This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2022 South Central Kansas Multiple Listing Service, Inc. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-08-10T19:01:10.067.
www.coshrealestateservices.com/homes/131419619
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123 E Broadway St Newton, KS 67114

  • Price: $425,000
  • Status: Active
  • On Site: Days
  • Updated: 14 min ago
  • MLS #: 615002
0
Beds
0
Baths
0
½ Baths
0.25
Acres
15,310
SQFT
$28
$/SQFT
1949
Built
Neighborhood:
H36 - NE Newton
County:
Harvey
Area:
H36 - NE Newton
Property Description
This Property has a unique blend of Commercial Office Space and Residential Apartments that provide a good cash flow to help with the overhead for an owner/occupier for the commercial space that can be opened up to approx. 8,000 sf of commercial space or leave it as 2 spaces or up to 6 smaller offices as configured now. The Residential piece is comprised of 6 one bedroom, one bath, 600+ sf with appliances included apartment. An exceptional three-bedroom, one bath, with over 2,300 sf of space and a 1,000+ sf Living Room. All of the apartments have been remodeled in the last 4 years to just finishing one of them. There are two entrances to the front of the building to Broadway or the rear of the building with more parking. The City of Newton has a public parking lot that is well lighted at night and maintained by the city that is utilized by the commercial customers and employees and Residential Tenants as well. Current Rent Roll on the apartments is for just 6 apartments with one being remodeled is $3,195.00. Rent for the remodeled apartment will be at $500 - 550.00 a month. The Commercial part has two businesses in them. One of the businesses is building a new building and is projected to be their new building mid next year. The other Tenant is leased until 2024. The other offices are vacant, and walls can be removed or build to suit for any new Tenants. There is storage in the rear at approx. 2,000 sf. Current Rent Roll is $2,648 a month, with a potential of $4,000.00+ of income. Utilities are paid by the tenant by sf leased.
Exterior Features

Construction All Brick Frontage City Arterial Loading Dock None Location Central Business District Miscellaneous Features Fire EscapeOwner Storage Overhead Doors None Parking Parking LotStreet ParkingParking Over 25 Rail None Roof Flat Roof Sidewall Height Less Than 10 Ft

Interior Features

Cooling Central AirElectricWindow Unit Floors CarpetConcrete SlabUnfinished Heating ElectricForced AirGasHot WaterUnit Heater Levels 2 Sq Ft Building 10001 - 20000 Sq Ft Max Continguous 2000 Sq Ft Min Available 7000 Sq Ft Vacant 7000

Property Features

Commercial Type Commercial Service Electrical 220 VoltSingle Phase Flood Insurance Unknown Improvements 241705.00 Invest Package Available No Owner Paid Expenses External Building RepairsElectricityGasInternal Building RepairsJanitorialMechanical RepairsPersonal Property TaxProperty InsuranceReal Estate TaxesSewerSite MaintenanceTrashWater Ownership Corporate Present Use Commercial Property Taxes 6845.08 Sale Or Lease Both Sale Or Rent For Sale Special Balance 0 Special Tax Year 2021 Tax Specials 166 Tax Year 2021 Tenant Paid Expenses ElectricityGasProperty InsuranceSewerTrashWater Terms Of Lease 5 Years Or LessOption To Renew Utilities GasElectricCity WaterCity SewerSeparate MetersMaster Meter Zoning Limited Comm

Listing courtesy of Mike Weber of J.P. Weigand & Sons.


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2022 South Central Kansas Multiple Listing Service, Inc. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-08-10T19:01:10.067.
 
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1356 N Emporia St
Wichita KS, 67214

Listing information © 2022 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Mike Weber of J.P. Weigand & Sons.