Current Listings in Norton County, Kansas
313 West Main, Norton, Kansas
An Investment Opportunity in Norton, Kansas
Home and Business under One Roof
Get paid to go hunting and fishing in paradise with a great investment opportunity. This property sits within an opportunity zone, providing tax advantages for you. The property is 3 miles from Prairie Dog State Park and Sebelius Reservoir, a 1000-acre reservoir offering great fishing, water recreation, camping and views of Kansas sunrises and sunsets. Norton County Kansas is ranked as one of the best places in the nation for pheasant hunting, and quail, dove, duck, turkey, geese, rabbits and deer are also abundant in the area.
This building was constructed in 1949 and first opened as a 14,000 sq ft Safeway grocery store. This building is solid with 12-16 inch thick walls and a concrete stem wall with clay tile. The current owners created a beautiful, one-of-a-kind home and business under one roof.
Whether you choose to live in the property or keep it for a hunter’s retreat, it is a 4-bedroom, 2 bath, 2600 sq ft home in the southwest corner of the building. The 1200 sq ft open concept kitchen and living room area offers plenty of room for friends and family to gather around the oversized 8 x 4 ft kitchen island. The house has rent potential of $1000 per month, making the total income for the property $3300 per month.
Just beyond the home’s back door there is an additional 1000 sq ft of space available to convert into a recreation space, game room, 4 car garage or additional storage units.... owner’s choice. The 1000 sq ft area upstairs could also be renovated into additional living, storage or office space.
This is a great opportunity for the right investor as this property will pay for itself with the 42 indoor climate-controlled storage units. On average there is an 85% occupancy rate with an average income of $2300 per month. With what is currently built and at 100% occupancy the monthly rental income would be $3385. Existing storage units range in size from 5 x 7 to 12 x 12. The storage units’ dedicated entrance is on the north side of the building and customers have access through a security key fob system.
This property offers outside storage parking for campers and boats...with the potential to build additional storage units on the 33,600 sq. ft paved parking lot.