201 Vine StCherokee, KS 66724

Property Details for 201 Vine St

Year built

1900

Lot size

0.13 AC

Property size (Sq ft)

1,500 SF

Property type

Retail space

APN

224-18-0-40-19-001.00-0

APU

2241804019001000

Description

This exceptional commercial property in Cherokee, Kansas, presents a unique investment opportunity. Priced at $125,000, this turnkey business includes a well-established restaurant and bar known for its high-quality steaks, operating successfully for 17 years. The current owners are retiring and offering the entire operation, including all inventory (excluding a few personal items), for a seamless transition. The sale encompasses two buildings situated on a 0.13-acre lot, offering significant potential for expansion. The property's existing infrastructure includes a generator. The seller is open to negotiations and eager to share their extensive operational knowledge with a prospective buyer. The versatile space allows for various business ventures, and there's ample room to add an outdoor seating area, construct additional buildings, or even develop a residential component. A key feature is the potential to access original ceilings above the current ones, offering further expansion possibilities. This is a rare chance to acquire an established business with significant growth potential in a desirable location. The property is being sold "as is."

• CAP approach

  CAP return

  Valuation

  6%

  $396,040

  6.5%

  $365,575

  7%

  $339,463

• Comparable approach

  Method

  Valuation

  Relative Method

  $270,383

  Geo Method

  $270,383

• Alternative Use

  Use

  Valuation

  Residential

  $308,376

  Hospitality

  $282,471

  Educational

  $235,013

  Medical

  $243,095

  Retail

  $365,575

Location Insight

City

Cherokee

County

Crawford

State

Kansas

Latitude

37.3443

Longitude

-94.8206

CBSA code

38260

CBSA name

PITTSBURG, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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