1701 Main StOttawa, KS 66067

Property Details for 1701 Main St

Year built

1940

Lot size

2.19 AC

Property size (Sq ft)

2,700 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional 2,700 square foot commercial property, located at 1701 S Main Street in Ottawa, Kansas, presents a unique investment opportunity. The building, constructed in 1940 and situated on a 2.19-acre lot, is a single-story structure currently operating as a mixed-use space. A significant portion of the building is leased to a donut shop under a gross lease agreement with rent bumps included. This five-year lease commenced February 15, 2023, and offers a strong, stable income stream. The property is also zoned for medical office use, providing flexibility and potential for future expansion or diversification of tenants. The asking price is $800,000 and is suitable for a 1031 exchange. The current lease has a three-year remaining term, expiring March 1, 2026, providing immediate cash flow and long-term potential. The property's location in Ottawa, Franklin County, Kansas (zip code 66067) offers excellent visibility and accessibility. This is an ideal investment for those seeking a blend of immediate return and future growth potential in a thriving Kansas community. The building has undergone recent updates, enhancing its appeal and functionality. This property is a rare find, combining established income with versatile zoning and a prime location.

Location Insight

City

Ottawa

County

Franklin, KS

State

Kansas

Latitude

38.5895

Longitude

-95.2681

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