725 Main StNewton, KS 67114

Property Details for 725 Main St

Year built

1935

Construction

FRAME

Lot size

0.43 AC

Property size (Sq ft)

5,278 SF

Zone code

C-3

Property type

Office buildings

APN

094-17-0-20-31-001.00-0

APU

941702031001000

Description

This stunning 5,329 square foot office building, situated on a 0.43-acre lot at 725 N Main St in Newton, KS, presents a unique investment opportunity. Built in 1910, this historically significant property served as the town's original post office. The building boasts exquisite architectural details and exceptional craftsmanship, reflecting its rich heritage. The main level offers several generously sized offices, perfect for a variety of professional uses, complemented by three bathrooms and a formal conference room suitable for meetings and presentations. A large entertainment hall provides versatile space for events or creative adaptations. The expansive basement offers substantial storage capacity and potential for customization to meet specific needs. This property represents a rare chance to acquire a distinguished and adaptable building in the heart of Newton, blending historical charm with modern functionality. The asking price is $600,000. This is an exceptional opportunity for a discerning buyer seeking a landmark property with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $912,136

  6.5%

  $841,972

  7%

  $781,831

• Comparable approach

  Method

  Valuation

  Relative Method

  $480,531

  Geo Method

  $480,531

• Alternative Use

  Use

  Valuation

  Residential

  $1,044,045

  Hospitality

  $956,340

  Educational

  $795,664

  Medical

  $823,028

  Retail

  $1,237,699

Location Insight

City

Newton

County

Harvey

State

Kansas

Latitude

38.0508

Longitude

-97.3456

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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