714 Oregon St Hiawatha, KS 66434-2288

Property Details for 714 Oregon St

Year built

1886

Construction

FRAME

Lot size

0.16 lot acres

Property size

10,500 SF

Zone code

B4

Property type

Retail space

APN

079-29-0-20-14-010.00-0

APU

792902014010000

Description

This exceptional commercial property at 714 Oregon Street, Hiawatha, Kansas, presents a unique investment opportunity. The building sits on a 0.16-acre lot and offers a blend of immediate income and significant upside potential. The 712 Oregon Street side of the building is currently leased and features 1060 square feet of functional space, including a reception area, three private office suites, a conference room, a training suite, and a restroom. All existing tenant leases will transfer to the new owner at the time of purchase, providing immediate cash flow. The building underwent a complete roof replacement in 2021, ensuring long-term structural integrity. The 714 Oregon Street side is available for leaseback by the current owner, offering flexibility for the new investor. Furthermore, an untouched second floor offers an additional 4250 square feet of space, ripe for conversion into additional rentable apartments or office space, significantly increasing the property's value and rental income. This property is priced at $273,000 and represents a compelling opportunity for investors seeking a strong return on investment in a stable market. The existing tenant base and the potential for expansion make this a truly attractive proposition.

Location Insight

City

Hiawatha

County

Brown

State

Kansas

Longitude

-95.5381

Latitude

39.8532

Property Tax & Assessments