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123 E Broadway St Newton KS 67114

$425,000 Price 15,310 sq. ft.

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.

Listed by J.P. Weigand & Sons

At a Glance

Status
Active
MLS ID
615002
Type
Commercial Service
Year Built
1949
Lot
0.25 acres
Neighborhood
County
Harvey
Area
H36 - NE Newton

Location

Newton 67114 123 E Broadway St

Property Details

Exterior Details
Loading Dock
None
Location
Central Business District
Misc. Features
Fire Escape, Owner Storage
Parking
None
Rail
None
Roof
Flat Roof
Sidewall Height
Less than 10 Ft
Interior Details
Cooling
Central Air, Electric, Window Unit
Flood Insurance
Unknown
Floors
Carpet, Concrete Slab, Unfinished
Heating
Electric, Forced Air, Gas, Hot Water, Unit Heater
Sq. Ft. Max Contiguous
2000
Sq. Ft. Min Available
7000
Sq. Ft. Vacant
7000
Property Details
Current Use
Commercial
Electrical
220 Volt, Single Phase
Invest Package Available
No
Owner Paid Expenses
Electricity, External Building Repairs, Gas, Internal Building Repairs, Janitorial, Mechanical Repairs, Personal Property Tax, Property Insurance, Real Estate Taxes, Sewer, Site Maintenance, Trash, Water
Ownership
Corporate
Property Taxes
6845.08
Sale or Lease
Both
Tax Year
2021
Tenant Paid Expenses
Electricity, Gas, Property Insurance, Sewer, Trash, Water
Terms of Lease
5 Years or Less, Option to Renew
Value Improved
241, 705.00
Zoning
Limited Comm

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