18 Silver StPaola, KS 66071

Property Details for 18 Silver St

Year built

1946

Lot size

0.11 AC

Property size (Sq ft)

9,372 SF

Property type

Retail space

APN

135-16-0-20-38-012.00-0

APU

1351602038012000

Description

Discover a remarkable retail opportunity in the heart of Paola, Kansas. This charming, two-story building at 18 S Silver Street boasts 4,773 square feet of space, perfect for a variety of uses. Built in 1946, the property retains its timeless appeal with hardwood floors on the second level and a unique, currently non-operational elevator. Large storefront windows flood the interior with natural light, offering exceptional visibility onto the vibrant Paola Square, complete with trees, a central fountain, and seating areas. The high ceilings add to the spacious feel, creating a versatile environment suitable for a range of businesses. Imagine transforming this space into a bustling retail store, a delightful ice cream parlor, a cozy coffee shop, a convenient daycare center, or even a unique storage facility. The possibilities are truly endless. The property's location on the square ensures high foot traffic and excellent exposure. While the building offers significant charm and character, potential buyers should independently verify all measurements and information provided. This is a rare chance to own a piece of Paola's history and establish a thriving business in a desirable downtown location. The asking price is $299,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,318,309

  6.5%

  $2,139,977

  7%

  $1,987,122

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,689,356

  Geo Method

  $1,689,356

• Alternative Use

  Use

  Valuation

  Residential

  $1,805,151

  Hospitality

  $1,653,508

  Educational

  $1,375,700

  Medical

  $1,423,012

  Retail

  $2,139,977

Location Insight

City

Paola

County

Miami

State

Kansas

Latitude

38.5723

Longitude

-94.8794

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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