401 SW 2nd St Newton, KS 67114

Listing details for 401 SW 2nd St, Newton, KS 67114 : For sale: a versatile office/warehouse property located at 401 SW 2nd Street in Newton, Kansas. This facility offers 1,500 ± square feet of functional space, featuring a 50' x 30' building with 12-foot ceilings and two 10' x 10' overhead doors for easy access. The property also includes a 9' x 8' office space and a 4' x 5' bathroom. The warehouse is equipped with a wood stove for heating, while the office is cooled by a window unit. The exterior has a newer fence and roof on the building adding value for the next owner. Zoned Industrial (I-2), this property sits on a 30,892 ± square foot lot, complete with a fenced outdoor storage area, making it ideal for various commercial uses. The property is currently leased from June 1, 2024, through May 31, 2027, with a monthly rent of $750, paid on the 15th of each month. A damage deposit of $250 is held, and the lease includes a termination clause allowing either party to terminate with 90 days' notice. The tenant is responsible for maintaining the mechanical, electrical, plumbing, heating, and cooling systems within the building, as well as covering monthly utility costs. The landlord is responsible for the roof and exterior building structure, as well as exterior water, sewer, and electrical systems. Additionally, the auto lift on the property is considered a fixture and will be included in the sale. The 2023 property taxes are $1,746.42. Please note that the contents of the building and a small white shed located in the back are not included in the sale. This property presents a prime investment opportunity with its functional space, income potential, and excellent location. Please refrain from disturbing the current tenant.