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1301 East 1St Street

Newton, KS 67114
  • $4,500,000
  • STATUS: Active
  • MLS #: 604899
UPDATED: 63 min ago
$4,500,000
  • 0
    BEDS
  • 5.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 56,104
    SQFT
  • $80
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1980
County:

School Ratings & Info

Listing information © 2021 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Nancy Shih of Re/Max Realty Centre.




Description

EXCELLENT INVESTMENT PROPERTY! GREAT LOCATION WITH BEAUTIFUL GROUNDS ! Red Coach Inn Newton Kansas Hotel sits on 5.8 acres of land. It is located directly next to the Comfort Inn and Braum's Ice Cream Store, within full view from Interstate 135 which has a 23,300 daily vehicle count. Originally known as Best Western Red Coach Inn, built in 1980, 60,000 sq.ft has 81 Room Hotel and Conference Center, offers large guest rooms, attached full service restaurant, conference and banquet facilities, and indoor pool along with land with sewer, water and gas. The extra land can be developed into 2 apartment buildings with 20-30 units each. Due to the strong demand for affordable housing in Newton KS. The new owner could take the property to workforce housing, a senior living community, or even expand on the concept of the extended-stay apartment in place. The current zoning is C2. This property is a LANDMARK in the Newton area and is well known, plus the visibility, parking spaces and huge parking lot makes it ideal for growth and expansion. Sand Creek Golf Course and Kauffman museum are a 5 mins drive from the hotel. The Newton Amtrak Station is only 2 miles away. Wichita State University and downtown Wichita are 30 minutes south, and Wichita Mid-Continent Airport is 32 miles away. It is in a prime location for a service oriented business relating to the traveling public or the local community and it is in great shape, ready for a new owner to take over the turnkey business or create something new! Call today for a tour!

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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. ©2021 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: 2021-11-29T16:00:42.177.
www.coshrealestateservices.com/homes/123457651
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1301 East 1St Street Newton, KS 67114

  • Price: $4,500,000
  • Status: Active
  • On Site: Days
  • Updated: 63 min ago
  • MLS #: 604899
0
Beds
0
Baths
0
½ Baths
5.9
Acres
56,104
SQFT
$80
$/SQFT
1980
Built
Neighborhood:
H36 - NE Newton
County:
Harvey
Area:
H36 - NE Newton
Property Description
EXCELLENT INVESTMENT PROPERTY! GREAT LOCATION WITH BEAUTIFUL GROUNDS ! Red Coach Inn Newton Kansas Hotel sits on 5.8 acres of land. It is located directly next to the Comfort Inn and Braum's Ice Cream Store, within full view from Interstate 135 which has a 23,300 daily vehicle count. Originally known as Best Western Red Coach Inn, built in 1980, 60,000 sq.ft has 81 Room Hotel and Conference Center, offers large guest rooms, attached full service restaurant, conference and banquet facilities, and indoor pool along with land with sewer, water and gas. The extra land can be developed into 2 apartment buildings with 20-30 units each. Due to the strong demand for affordable housing in Newton KS. The new owner could take the property to workforce housing, a senior living community, or even expand on the concept of the extended-stay apartment in place. The current zoning is C2. This property is a LANDMARK in the Newton area and is well known, plus the visibility, parking spaces and huge parking lot makes it ideal for growth and expansion. Sand Creek Golf Course and Kauffman museum are a 5 mins drive from the hotel. The Newton Amtrak Station is only 2 miles away. Wichita State University and downtown Wichita are 30 minutes south, and Wichita Mid-Continent Airport is 32 miles away. It is in a prime location for a service oriented business relating to the traveling public or the local community and it is in great shape, ready for a new owner to take over the turnkey business or create something new! Call today for a tour!
Exterior Features

Construction Concrete-Block Frontage City ArterialInterstate Loading Dock None Location Freestanding Miscellaneous Features Fire AlarmSecurity LightsOther/See Remarks Overhead Doors None Parking Parking LotParking Over 25Paved Rail None Roof Built-UpFlat Roof Sidewall Height 11 Ft To 13 Ft17 Ft To 20 Ft

Interior Features

Cooling Electric Floors CarpetTile Heating Gas Levels 1 Sq Ft Building 50001 - 100000 Sq Ft Max Continguous 43396 Sq Ft Min Available 56104 Sq Ft Vacant 56104

Property Features

Commercial Type Motel/Hotel Electrical Single Phase Flood Insurance Unknown Improvements N/A Invest Package Available No Owner Paid Expenses Other/See Remarks Ownership Corporate Present Use Hotel Property Taxes 17840.34 Sale Or Rent For Sale Special Balance 0 Special Tax Year 2020 Tax Specials 761 Tax Year 2020 Tenant Paid Expenses Other/See Remarks Terms Of Lease Other/See Remarks Utilities GasElectricCity WaterCity Sewer Zoning General Comm

Listing courtesy of Nancy Shih of Re/Max Realty Centre.


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2021 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: 2021-11-29T16:00:42.177.
 
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COSH Real Estate Services
1356 N Emporia St
Wichita KS, 67214

Listing information © 2021 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Nancy Shih of Re/Max Realty Centre.