239 Meridian Rd, Newton, KS 67114-5203
- Warehouses
- 7,200 SF
- 3.50 lot acres
Current Use by Public Records
- Royal Sales / Department Store
Property Details for 239 Meridian Rd
- Year built
- 1965
- Lot size
- 3.50 lot acres
- Zone code
- C-2
- Property type
- Warehouses
- APN
- 086-24-0-10-01-009.00-0
- APU
- 862401001009000
Description
This exceptional owner-user opportunity presents a three-building industrial warehouse totaling 16,080 square feet, situated on a 3.5-acre lot in Newton, Kansas. The property, built in 1965, is classified as Class C and offers a compelling blend of showroom, office, and warehouse space, ideal for a variety of businesses. The strategic location near the intersection of I-135 and US Highway 50 provides excellent access to major transportation routes. Multiple overhead doors enhance operational flexibility, while the ample outdoor space allows for convenient storage and lay-down areas. Priced at $600,000, or $37.31 per square foot, this property represents a significant value proposition for an owner-occupier seeking a versatile and well-located industrial space in Harvey County. The address is 239 S Meridian Rd, Newton, KS 67114. This is a for-sale-by-owner listing.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $815,000
- 6.5%
- $750,000
- 7%
- $700,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $592,000
Market price range: $208k - $710k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $475,000 Current use
- RESTAURANT
- $940,000 Change: +98% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $790,000 Change: +66% Conversion: Easy
- OFFICE BUILDING
- $760,000 Change: +60% Conversion: Difficult
- MEDICAL BUILDING
- $640,000 Change: +35% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $595,000 Change: +26% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $505,000 Change: +7% Conversion: Difficult
- RETAIL STORES
- $475,000 Change: +1% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Harvey
- State
- Kansas
- Longitude
- -97.3732
- Latitude
- 38.0403
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
