Specialty Real Estate
1301 East 1st Street Newton, KS 67114
Details & Description
Price: $4,500,000
    81 Room Hotel and Conference Center, offers large guest rooms, attached full service restaurant, conference and banquet facilities, and indoor pool. The property qualifies for City issued IRB. The acquisition and the cost of rehabbing and improving the hotel could be included in the IRB. The benefits from IRBs are a sales tax exemption on materials purchased for the property rehabilitation and the property would be eligible for up to 10 years property tax exemption on the entire value of the hotel. In addition to the IRB, the new owner could create a CID, proceeds may reimburse improvement.
    Property Highlights
    Additional Photos
    Listing Agents
    Dave Brown

    O: 316-636-2323
    M: 316-461-6297
    davidb@penfedrealty.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1301 East 1st Street

    Newton, KS 67114

    Listing ID: 253906
    • 1301 East 1st Street Newton, KS 67114 | for Sale | Photo 1
    • 1301 East 1st Street Newton, KS 67114 | for Sale | Photo 2
    • 1301 East 1st Street Newton, KS 67114 | for Sale | Photo 3
    • 1301 East 1st Street Newton, KS 67114 | for Sale | Photo 4
    • 1301 East 1st Street Newton, KS 67114 | for Sale | Photo 5
    1301 East 1st Street | for Sale | Thumbnail 1
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    Building Size: 252,648 SF
    Lot Size: 5.800 AC
    Land Size: 252,648 SF
    Building $/SF: $17.81
    Land $/SF: $17.81
    Price
    $4,500,000
    Property Highlights
    There are 81 rooms
    252,648 sqft Total Land Size
    There is an indoor pool
    Description

    81 Room Hotel and Conference Center, offers large guest rooms, attached full service restaurant, conference and banquet facilities, and indoor pool. The property qualifies for City issued IRB. The acquisition and the cost of rehabbing and improving the hotel could be included in the IRB. The benefits from IRBs are a sales tax exemption on materials purchased for the property rehabilitation and the property would be eligible for up to 10 years property tax exemption on the entire value of the hotel. In addition to the IRB, the new owner could create a CID, proceeds may reimburse improvement.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Wichita History of Specialty Real Estate for Sale

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    Newton Area Market Trends

    Listing Demographics for 1301 East 1st Street Newton, KS 67114

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population3,07318,59821,370
    Population Median Age374040
    Population by Age0-9 Yrs383 (12%)1893 (10%)2253 (10%)
    10-19 Yrs427 (13%)3057 (16%)3420 (16%)
    20-29 Yrs510 (16%)2404 (12%)2720 (12%)
    30-39 Yrs441 (14%)2196 (11%)2433 (11%)
    40-49 Yrs339 (11%)2322 (12%)2593 (12%)
    50-59 Yrs305 (9%)2274 (12%)2753 (12%)
    60-69 Yrs372 (12%)1890 (10%)2262 (10%)
    70+ Yrs296 (9%)2560 (13%)2936 (13%)
    Median HH Income$54,596$53,124$54,877
    Total Household Income< 24K240 (19%)1480 (20%)1572 (18%)
    25-49K284 (23%)1921 (26%)2165 (25%)
    50-74K376 (31%)1857 (25%)2127 (25%)
    75-99K133 (10%)697 (9%)872 (10%)
    100-199K160 (13%)1200 (16%)1446 (17%)
    200K+20 (1%)170 (2%)203 (2%)
    Highest Education LevelNo Diploma26213571466
    Diploma or GED48829743457
    Some College42831283579
    Assoc. Degree15010711184
    Bachelors Degree33920212502
    Higher Degree27416521899
    Total Housing Units1,4088,3509,475
    --Owner-Occupied7494,9515,833
    --Renter-Occupied4632,3752,552
    Owner-Occupied Values< 100K46521292430
    100-199K19720942463
    200-299K56499629
    300-399K22173225
    400-499K0410
    500K+95276
    Total Working Age Population2,41014,76916,987
    In Work Force1,5869,37510,872
    Not In Work Force8245,3946,115
    Workforce Employed1,5619,07210,521
    Workforce Unemployed26303350
    Civlian Workforce1,5869,37410,871
    Military Workforce001
    Total Households1,2127,3258,385
    Family Households7894,7745,605
    Non-Family Households4242,5522,780
    Married Couple5163,7444,467
    Other Family2721,0291,138
    Married w/Child2641,6021,829
    Single Male w/Child13100121
    Single Female w/Child149531583

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Kansas2,688,418+62,853,118+52,988,194+53,140,008
    Harvey County32,869+634,684+235,224+135,749
    Marion County13,361-512,660-1111,239-179,330

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1301 East 1st Street in Newton?
    The asking price for 1301 East 1st Street is $4,500,000
    What is the building size of this Specialty property in Newton, KS?
    The size of the building/unit at 1301 East 1st Street in Newton is 252,648 square feet
    How much land does the Newton, KS property at 1301 East 1st Street include?
    1301 East 1st Street in Newton includes 5.800 acres of land
    What kind of Specialty is the propery at 1301 East 1st Street?
    The property at 1301 East 1st Street Newton, KS 67114 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 1301 East 1st Street in Newton?
    The population within 1 mile of 1301 East 1st Street Newton, KS 67114 is 3,073 people.
    Who do I contact for questions about 1301 East 1st Street?
    You should contact the listing agent, Dave Brown , for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Wichita Eisenhower National Airport (ICT) 28
    Tulsa International Airport (TUL) 150
    Kansas City International Airport (MCI) 165