501 N State St - Office FOR SALE


Iola, KS 66749
$169,000 USD
620-431-8699
501 N State St, Iola, KS for Sale
$169,000 USD
Office - FOR SALE
1/1
null | Request Cap Rate

501 N State St
Iola, KS 66749


HIGHLIGHTS

  • Electricity ,Natural Gas ,Sewer ,Water Available

OVERVIEW

Great Commercial Investment property opportunity in Iola, Kansas. This 4,224 square foot office property is located on State Street in just a few blocks South from Walmart. Selling at only $40 per square foot the property is a real bargain with locked in income from an existing lease with TFI Family Services. The lease runs for two more years and then the tenant has two, one-year options, with 3% increases each year. Tenant pays for mowing and minor HVAC and plumbing repairs so very little landlord responsibility or expense.

FOR SALE DETAILS

PRICE

$169,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,079 SF

ZONING

-

APN/PARCEL ID

077-26-0-30-24-006.00-0

ASK ABOUT THIS PROPERTY

Jeff PortsUnited Country Real Estate ProfessionalsMore Info
620-431-8699

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Jeff PortsUnited Country Real Estate ProfessionalsMore Info
620-431-8699

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