505 Poplar St Newton, KS 67114
- Retail space
- 23,030 SF
- 1.96 lot acres
Current Use by Public Records
- Sears Appliance Repair / Appliance Repair Service / Air Conditioning Repair Service
- American Auto Glass of Newton / Auto Repair Shop
Property Details for 505 Poplar St
- Year built
- 1938
- Construction
- FRAME
- Lot size
- 1.96 lot acres
- Property size
- 23,030 SF
- Zone code
- C-3
- Property type
- Retail space
- APN
- 094-17-0-30-09-001.00-0
- APU
- 941703009001000
Description
This exceptional 23,030 square foot retail center, located at 505 N. Poplar St. in Newton, Kansas (zip code 67114), presents a compelling investment opportunity. The property, built in 1938 and extensively renovated in 2023, is classified as Class C and features a single, one-story building situated on a generous 1.96-acre lot. Currently, 12,500 square feet of space is available, with a minimum divisible unit of 2,500 square feet, offering flexibility for various retail tenants. The center boasts ample parking, with 100+ spaces conveniently located to the west and north of the building. Its prime location in downtown Newton provides excellent walkability to the historic district, ensuring high visibility and foot traffic. The property is zoned COM/IND, allowing for a range of commercial and industrial uses. Tenant-specific build-out options are available for qualified tenants. This property offers a unique blend of historical charm and modern updates, making it an ideal investment for those seeking a strong presence in the vibrant Newton market. The Harvey County location provides easy access to major transportation routes.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $605,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $790,000
- 6.5%
- $880,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $950,000
- Geo Method
- $850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $860,000
- Retail
- $795,000
- Mixed-Use
- $885,000
- Hospitality
- $880,000
- Educational
- $1,005,000
- Residential Income
- $870,000
- Energy
- $800,000
- Income-Based Land
- $770,000
- Food Service
- $795,000
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Harvey
- State
- Kansas
- Longitude
- -97.3479
- Latitude
- 38.0479
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
