120 Peoria StPaola, KS 66071

Property Details for 120 Peoria St

Year built

1925

Lot size

0.56 AC

Property size (Sq ft)

5,610 SF

Property type

Retail space

APN

135-16-0-20-33-002.00-0

APU

1351602033002000

Description

This exceptional retail property, located at 120 W Peoria Street in Paola, Kansas, presents a unique investment opportunity. Situated on a 0.56-acre lot, the property boasts approximately 8,000 square feet of all-brick building space, currently configured as a full-service restaurant. The included furnishings and equipment are negotiable, offering flexibility for the new owner. A significant advantage is the ample parking: a private lot with 34 spaces supplements the adjacent large city parking lot, ensuring convenient access for customers. Adding to the property's versatility, two overhead doors, previously closed during a conversion from industrial to retail use, could be reopened to accommodate a variety of potential uses. The property also includes a spacious upstairs apartment featuring two or more bedrooms and one and a half bathrooms, totaling approximately 1,600 square feet. This prime location is adjacent to the historic Paola Town Square, placing it within easy reach of other retail establishments, service businesses, Paola City Hall, and the Miami County Courthouse. The high visibility and convenient location make this property ideal for a variety of commercial ventures. Owner financing is available, making this an attractive proposition for qualified buyers. The property's combination of retail space, residential apartment, and ample parking makes it a truly unique and versatile investment opportunity in the heart of Paola, Kansas.

• CAP approach

  CAP return

  Valuation

  6%

  $1,387,720

  6.5%

  $1,280,972

  7%

  $1,189,474

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,011,234

  Geo Method

  $1,011,234

• Alternative Use

  Use

  Valuation

  Residential

  $1,080,548

  Hospitality

  $989,776

  Educational

  $823,482

  Medical

  $851,803

  Retail

  $1,280,972

Location Insight

City

Paola

County

Miami

State

Kansas

Latitude

38.5732

Longitude

-94.8796

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].