327Th St Paola, KS 66064
- Land
- 35.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 327Th St
- Lot size
- 35.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 4,146 sq ft industrial warehouse at 1620 Avenue E presents a compelling investment opportunity. The property, zoned CG and identified by APN 56434233040060130, is a single-tenant building comprising five individual units currently leased to small churches. Recent extensive renovations have significantly enhanced the property's value and appeal, including a brand new roof, a central HVAC system, updated interior tile, a refreshed exterior facade, and the installation of hurricane/accordion security shutters. The building boasts a strong occupancy rate and a waiting list of potential tenants, indicating high demand and future growth potential. The current Net Operating Income (NOI) stands at $52,780, representing a 6% capitalization rate. The seller, a seasoned professional, is willing to continue managing and leasing the property for the new owner, ensuring a seamless transition and ongoing operational efficiency. This is a full-price offer only opportunity for investors seeking a stable, high-return investment in a rapidly developing area. The lot size is not specified.
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
- Paola
- County
- Miami
- State
- Kansas
- Longitude
- -94.9644
- Latitude
- 38.5348
