200 Main St Mulvane, KS 67110-1765
- Retail space
- 1,736 SF
- 0.04 lot acres
Current Use by Public Records
- Edward Jones - Financial Advisor: Brandon Frazier / Investment Service / Finance Broker
- Primerica Financial Services / Financial Planner
Property Details for 200 Main St
- Year built
- 1910
- Construction
- FRAME
- Lot size
- 0.04 lot acres
- Property size
- 1,736 SF
- Property type
- Retail space
- APN
- 013-06-0-10-06-007.00-0
- APU
- 130601006007000
Description
This Class A, 1,748 sq ft office building in downtown Mulvane, Kansas, presents a compelling investment opportunity. Located at 200 W Main St, 67110, this single-tenant property boasts a 100% occupancy rate with Edward Jones, a financially strong tenant who recently exercised a five-year lease renewal. The building features a newly installed TPO roof. The asking price is $199,000, representing a strong 8.4% capitalization rate and a price per square foot of $113.84. The annual net rent is $16,800, under a NNN lease structure. The property's prime location in the heart of Mulvane places it amongst thriving local businesses, including bakeries, restaurants, and various retail shops. This presents a stable, income-producing asset with a long-term tenant in a vibrant and growing community. The building is a corner lot, offering excellent visibility and accessibility. This is an exceptional opportunity for investors seeking a low-risk, high-return investment in a desirable Kansas market. The property is a single building on a single lot.
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
- Mulvane
- County
- Sumner
- State
- Kansas
- Longitude
- -97.2455
- Latitude
- 37.4744
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
