722 Main StNewton, KS 67114

Property Details for 722 Main St

Year built

1920

Construction

FRAME

Lot size

0.17 AC

Property size (Sq ft)

9,575 SF

Zone code

C-3

Property type

Retail space

APN

094-17-0-10-22-006.00-0

APU

941701022006000

Description

This exceptional commercial property, located at 722 & 724 N Main St in Newton, Kansas, presents a unique investment opportunity. Spanning 15,125 square feet on a 0.17-acre lot, this multi-functional space offers unparalleled versatility. The property comprises two buildings, each contributing to its impressive capacity. A welcoming foyer leads into a large, open area ideal for a variety of uses, including event venues, meeting spaces, or performance areas. The buildings boast four sizable meeting rooms, providing ample space for conferences, workshops, or collaborative work. Eight bathrooms ensure convenient access for occupants and guests. Numerous smaller office spaces offer flexibility for individual work or smaller teams. The property's prime Main Street location in Newton offers excellent visibility and accessibility, making it an attractive proposition for a wide range of businesses. This is a truly unique opportunity to acquire a substantial and adaptable commercial space in a thriving Kansas community. The asking price is $750,000, and lease options are available. Don't miss this chance to secure a property unlike any other in Newton.

• CAP approach

  CAP return

  Valuation

  6%

  $2,432,465

  6.5%

  $2,245,352

  7%

  $2,084,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,196,736

  Geo Method

  $2,196,736

• Alternative Use

  Use

  Valuation

  Residential

  $1,894,038

  Hospitality

  $1,734,929

  Educational

  $1,443,441

  Medical

  $1,493,083

  Retail

  $2,245,352

Location Insight

City

Newton

County

Harvey

State

Kansas

Latitude

38.0508

Longitude

-97.3447

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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