201 N Penn Ave - Office FOR SALE


Independence, KS 67301
$450,000 USD
620-331-5510
201 N Penn Ave, Independence, KS for Sale
$450,000 USD
Office - FOR SALE
1/59
null | Request Cap Rate

201 N Penn Ave
Independence, KS 67301


HIGHLIGHTS

  • Modified roofs installed installed approx. 4 to 5 years ago

OVERVIEW

Building was erected in 1920 as the Commercial National Bank with over 36,000 square feet and total of 52,000 sq ft of area by including the basement. The building is concrete throughout including the the roof and floors and was built by the Brewster family. Modified roofs installed installed approx. 4 to 5 years ago by Bateson Roofing. 30 yr roofs. Kawneer windows were installed in 1997 at an approx. cost of $500,000. 2 elevators, one being original and updated work to elevator to be completed September, 2021. The basement is very functional for work space and has 2 bathrooms. The building has ADA entrance and 1 ADA bathroom located on the first floor. 2 walk in safes with one that is completely operational.The former board room for the bank is phenomenal as well as some of the ornate ceilings. Mr. Scott has taken very good care of this landmark building. The whole building is heated with steam heat and the boiler is inspected every year by the State as they issue a boiler certificate. Boiler was replaced in 1994. The building is 50% occupied and there are large offices available including the former pharmacy and restaurant area. Too much info to list. Financials available to qualified Buyers.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$9 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Commercial National Bank Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

099-31-0-20-05-006.00-0

ASK ABOUT THIS PROPERTY

Kit PasternakColdwell Banker Pasternak-JohnsonMore Info
620-331-5510

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Kit PasternakColdwell Banker Pasternak-JohnsonMore Info
620-331-5510

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.