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    505 Poplar St Newton, KS 67114

    For Lease
    $5 SF/Yr ($9,595 /Mo)

    Prime Downtown Newton retail space, 12,500 SF vacant.

    Lot size:
    23,030 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 23,030 square foot retail center, located at 505 N. Poplar St. in Newton, Kansas (zip code 67114), presents a compelling investment opportunity. The property, built in 1938 and extensively renovated in 2023, is classified as Class C and features a single, one-story building situated on a generous 1.96-acre lot. Currently, 12,500 square feet of space is available, with a minimum divisible unit of 2,500 square feet, offering flexibility for various retail tenants. The center boasts ample parking, with 100+ spaces conveniently located to the west and north of the building. Its prime location in downtown Newton provides excellent walkability to the historic district, ensuring high visibility and foot traffic. The property is zoned COM/IND, allowing for a range of commercial and industrial uses. Tenant-specific build-out options are available for qualified tenants. This property offers a unique blend of historical charm and modern updates, making it an ideal investment for those seeking a strong presence in the vibrant Newton market. The Harvey County location provides easy access to major transportation routes.

    Property Features for 505 Poplar St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,030 SF
    Class
    C
    Total Rate
    9595.83

    Building Details

    Year Built/Renovated
    1938/2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    200 W. 5th St.
    Size
    2,500 SF
    Rate per SF
    $5
    Space
    505 N. Poplar
    Size
    7,000 SF
    Rate per SF
    $5

    HighLights

    • LEASE RATE: $5.00/SF/year (Gross)
    • BUILDING SIZE: 23,030 SF
    • LOT SIZE: 1.96 Acres
    • YEAR RENOVATED: 2023
    • PARKING: 100+ spaces
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Appliance Repair Service American Auto Glass ... Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Harvey
    State
    Kansas
    Longitude
    -97.34716428103
    Latitude
    38.047507684215

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Downtown Newton retail space, 12,500 SF vacant.
    Where is this neighborhood center located?
    The property is located at 505 Poplar St Newton, KS.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: LEASE RATE: $5.00/SF/year (Gross); BUILDING SIZE: 23,030 SF; LOT SIZE: 1.96 Acres
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 Poplar St Newton, KS 67114
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