1502 Rose Port RdElwood, KS 66090

Property Details for 1502 Rose Port Rd

Year built

1986

Lot size

3.60 AC

Property size (Sq ft)

1,209 SF

Property type

Turn key restaurants

APN

022-089-31-0-30-01-008.00-0

APU

220893103001008000

Description

This exceptional 3.67-acre commercial property in Elwood, Kansas, presents a unique investment opportunity. Located conveniently off Highway 36 on Roseport Road, the property boasts a substantial metal building of approximately 1,500 square feet, previously utilized as a restaurant. This building includes a primary sewer line equipped with a small grinder pump. Much of the existing restaurant equipment and furnishings will remain with the property. Adding to the versatility, a large barn with a garage, totaling approximately 2,400 square feet, is situated on the west side of the property. The property is zoned B-2 General Business, opening doors to a wide range of commercial ventures. This location benefits from participation in the Neighborhood Revitalization Program, and eligible businesses may qualify for state incentives, including income tax credits and workforce training credits. The property's size and existing structures offer significant potential for redevelopment or continued use as a restaurant or other commercial enterprise. The combination of ample space, existing infrastructure, and advantageous zoning makes this a compelling opportunity for entrepreneurs and investors alike. Further details regarding the state incentives are available through the appropriate channels.

• CAP approach

  CAP return

  Valuation

  6%

  $333,138

  6.5%

  $307,512

  7%

  $285,547

• Comparable approach

  Method

  Valuation

  Relative Method

  $217,929

  Geo Method

  $217,929

• Alternative Use

  Use

  Valuation

  Residential

  $259,398

  Hospitality

  $237,607

  Educational

  $197,686

  Medical

  $204,485

  Retail

  $307,512

Location Insight

City

Elwood

County

Doniphan

State

Kansas

Latitude

39.747

Longitude

-94.8884

CBSA code

41140

CBSA name

ST. JOSEPH, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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