708 Main St Newton, KS 67114
- Retail properties
- 12,626 SF
- 0.34 lot acres
Current Use by Public Records
- Retail properties
Property Details for 708 Main St
- Year built
- 1878
- Lot size
- 0.34 lot acres
- Property size
- 12,626 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents four connected buildings totaling 12,626 square feet situated on a 0.34-acre lot in the heart of historic downtown Newton, Kansas. Built in 1878, these structures boast a rich history and currently operate as a mixed-use property, combining retail storefront and traditional office spaces. The property includes four units, with four apartments currently leased and two larger, older apartments available for lease. The existing commercial tenants are well-established, reflecting the strong demand for commercial space in this vibrant downtown area. The property's C3 zoning allows for a variety of uses, providing flexibility for future development or continued operation as a successful mixed-use complex. The low vacancy rate in downtown Newton underscores the desirability of this location. The 2023 property taxes totaled $10,154.76 ($10,013.26 general and $141.50 special assessments). This turnkey investment offers a rare chance to acquire a substantial, income-generating property in a thriving Kansas community. The asking price for this unique opportunity is $395,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Harvey
- State
- Kansas
- Longitude
- -97.3451
- Latitude
- 38.0504
