101 N Pennsylvania AVE new Save Request In-Person Tour Request Virtual Tour
Independence,KS 67301
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2535223
Year Built 1910
Annual Tax Amount $10,963
Lot Size 3,220 Sqft
Property Sub-Type Retail
Property Description
Prime Downtown Investment Opportunity - Corner Lot Building with Stable Tenants!
Location: Heart of Downtown 101-110 N Penn
Property Type: Mixed-Use Building
Lot Type: Corner Lot
Investment Highlights:
5 Fully Rented Apartments (Located on the second level)
7 Retail Spaces on the Main Level, with 5 Leased and 2 available for future tenants
New Roof, New Sewer Lines, and New Zone Heating & Air – Each retail space has its own thermostat for optimal climate control
Landlord Pays Water & Gas (Tenants cover electricity)
All tenants wish to stay, ensuring a stable income stream
Why Invest Here?
Prime Downtown Location: A sought-after corner lot in the heart of the city's vibrant downtown.
Attractive Cash Flow: 5 apartments with long-term tenants and 7 retail spaces, 5 of which are already filled.
Recent Upgrades: The building has received a major investment in infrastructure with a new roof, updated sewer lines, and independent heating/air systems for each retail space.
Solid, Steady Income: With the existing tenants eager to stay, you can step into a fully operational building and start earning immediately!
The Perfect Opportunity to Invest in Independence!
This building is a perfect blend of residential and retail spaces, offering a well-rounded, low-maintenance income stream in a growing, prime location. Whether you're a seasoned investor or just starting, this is the building you've been waiting for!
?? Call Today for More Details and Schedule a Viewing!
Location
State KS
County Montgomery
Zoning C & I
Exterior
Exterior Feature Display Window
Utilities Available Electric to Site
Building
Story 2
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional