3 Building Portfolio Vacant 3 Industrial Properties in Newton, KS

Binswanger is pleased to present the sale of three vacant industrial buildings located in Newton, Kansas. The three buildings consist of a total of 286,800 SF and are situated on a 30.1-acre site. The building located at 900 S Meridian Rd consists of 73,400 SF, the building located at 831 S Columbus Ave consists of 91,800 SF, and the building located at 810 S Columbus Ave consists of 73,500 SF. The space available can be devised to 40,000 sf at the smallest. The property is conveniently located on Meridian Road and Columbus Avenue which is only 2.8 miles from US-50. These buildings are located 27.6 miles North of Wichita, Kansas.
MasterBrand Cabinets (Norcraft Companies) is the previous owner/operator of this property. When the housing market was booming a few years ago, they were making 180,000 cabinets a week for Lowes alone. As interest rates went up, the demand for cabinets plummeted, and they decided to move their operations to Washington. Before they left, they added a ton of renovations to the facility. They added about 9 million dollars into the property overall, with a brand-new sprinkler system, new fiber optic lines, new high-speed doors, a new roof, as well as 16 new docks that are completely brand new and haven’t been used yet. Along with this, they added 2 million dollars’ worth of new air handlers and spent 750,000 dollars on a high-security fence surrounding the facility. Additionally, they completely reskinned the inside of one of the smaller buildings on the property, and in two out of the three buildings, they added 3 new face panels. Furthermore, this plant allows rail access, and the property owns a quarter-mile worth of rail spur (BNSF Railway runs on this). Only about 5% of the buildings are office space, but those spaces are filled with new cabinets & tables. They just recently power-washed the entire interior of all of the buildings, and the property has a nearly infinite amount of power, water, and air.
INVESTMENT HIGHLIGHTS
900 S Meridian Rd Building | 73,400 SF
831 S Columbus Ave Building | 91,800 SF
810 S Columbus Ave Building | 73,500 SF
Newton, Kansas, is a strategically located community that combines small-town advantages with key economic opportunities. Situated just 25 miles north of Wichita along the I-135 corridor, Newton provides easy access to major transportation routes, including rail and air infrastructure. The city's industrial base is well-developed, particularly in manufacturing, agriculture, and logistics, offering businesses a strong foundation for growth. With a lower cost of doing business compared to larger metropolitan areas, Newton provides affordable commercial real estate, competitive utility rates, and a skilled workforce that supports a wide range of industries. Beyond its economic strengths, Newton boasts a high quality of life that makes it an attractive place for both businesses and their employees. The city has a rich history as a former railroad hub and continues to maintain a strong sense of community. Bethel College, a well-regarded liberal arts institution, contributes to workforce development and provides businesses with access to educated talent. Additionally, Newton offers diverse cultural and recreational amenities, including museums, performing arts, parks, and annual festivals that enhance the area's appeal for workers and their families. Newton’s pro-business environment is reinforced by local government initiatives that encourage economic growth. The city offers a range of business incentives, including tax abatements, infrastructure support, and partnerships with regional economic development organizations. With a focus on fostering innovation and long-term success, Newton is an ideal location for companies looking to expand or establish new operations in a community that values both business and quality of life.