7621 Falcon Rd Riley, KS 66531

This exceptional 5,648 square foot mixed-use property, situated on a generous 7.85-acre lot (332,679 sq ft) in Riley, Kansas, presents a unique investment opportunity. Built in 2011, the single-story building features eight bedrooms, each with its own heating/cooling unit, private bath, and large closet. The bedrooms are conveniently grouped, four on each side of the building. The main floor boasts two 400 sq ft covered patios, an all-season room, and abundant storage space. High-quality construction is evident in the concrete siding, steel fencing, vaulted and 9-foot ceilings, high-efficiency furnace, and a whole-house backup generator. Safety features include a main floor safe room and an interior fire sprinkler system, along with an alarm system. A partially finished basement offers additional space, including a kitchenette, living area, bedroom, full bath, office space, and storage (note: office, storage, and bedroom lack closets). The property is currently vacant, with an occupancy date of January 15, 2025. Zoned SF-1, the property's previous use was as a religious/church and school. The sale is subject to a contingency for release from city bonds and a non-compete agreement regarding adult care home use. Prospective buyers should factor in potential changes to property taxes due to the seller's current tax-exempt status. There will be no seller's disclosure as part of the contract. This property offers significant potential for a variety of uses.