101 N Pennsylvania AVE new

Independence,KS 67301

$ 345000

- Bed

0 Bath

- SqFt


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

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