1499 Meridian RdPeck, KS 67120

Property Details for 1499 Meridian Rd

Year built

2003

Lot size

1.30 AC

Property size (Sq ft)

1,518 SF

Property type

Turn key restaurants

APN

031-01-0-10-01-001.00-0

APU

310101001001000

Description

This exceptional commercial property at 1499 N Meridian Rd, Peck, KS, presents a unique investment opportunity. The 1,518 square foot building currently operates as the well-regarded Boudreux Burger Barn restaurant, a fully functioning business with a loyal customer base. The charming log cabin aesthetic extends both inside and out, creating a welcoming atmosphere for diners. The sale includes all owned kitchen equipment, ensuring a seamless transition for a new owner. The property boasts significant operational advantages including zoned HVAC, an on-demand hot water tank, ample dry storage, and two freezers. With a seating capacity of 66 and parking for over 40 vehicles, the restaurant is well-equipped to handle substantial customer traffic. The 1.3-acre lot offers significant potential for expansion or alternative commercial uses. The property is available for showings on Sundays and Mondays at any time, or before 9:00 AM on other days. This turnkey operation is ready for immediate use, offering a fantastic opportunity to acquire a profitable business in a desirable location. The business will continue to operate indefinitely.

• CAP approach

  CAP return

  Valuation

  6%

  $384,455

  6.5%

  $354,881

  7%

  $329,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $460,267

  Geo Method

  $460,267

• Alternative Use

  Use

  Valuation

  Residential

  $299,356

  Hospitality

  $274,208

  Educational

  $228,138

  Medical

  $235,984

  Retail

  $354,881

Location Insight

City

Peck

County

Sumner

State

Kansas

Latitude

37.4766

Longitude

-97.3694

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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