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"Wonderful downtown building!"
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Address:
501 Merchant
Type: Commercial
Style:
Bathrooms: 3
Basement: Yes, Walkout
Size: 14,808 sq. ft.
Lot Type: Rectangular
Year Built: 1903
Taxes: $8,798.76 (2009)
MLS®: 16800
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Incredible historic building in downtown Emporia, 1 block from courthouse and 6th street, converted into leased office/retail space. Currently over $3900/monthly rental income and 3 tenants in building. High quality windows and solid oak doors throughout, all new in 2005 along with all new extra wide base trim. Boiler system new in last 10 years with seperate thermostat controls for each room and controlled by remote computer. Roof approximately 5-7 years old. Updated electrical within last 10 years. Well over $100,000 have been spent on this building in just the past few years and the cost to rebuild would run as much as 3-4 times list price! Includes 34 parking stalls. 3/4 full finished basement, currently vacant w/lots of potential for added income! Handicap ramp accessible to the main floor. Many entrances to building. Great Location!! Investors, this is an incredible opportunity for cash flow. |
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