Property summary
This exceptional investment opportunity presents three industrial warehouse buildings totaling 10,250 net rentable square feet situated on a sizable lot ranging from 50,000 to 60,000 square feet. Located in Saint Marys, Kansas, conveniently off US Highway 24, this property offers significant potential. The buildings, constructed in 1930 or later, are single-story structures with 12+ foot ceilings. Currently, one of the three buildings is leased under a modified lease agreement, while the remaining two are vacant, providing immediate income potential and flexibility for future development. The property is zoned for Commercial and Industrial use (C). Importantly, ownership is structured as a land lease from Union Pacific Railroad. This property is ideal for investors seeking a multi-building portfolio in a strategic location. The property features a total of three units and is classified as Class C. There are no loading docks or dock-high doors. Further details are available upon request. APN: 8301. Asking price: $250,000.
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