2001 Main StIndependence, KS 67301

Property Details for 2001 Main St

Year built

1966

Construction

FRAME

Lot size

0.31 AC

Property size (Sq ft)

2,768 SF

Property type

Turn key restaurants

APN

087-35-0-10-15-001.00-0

APU

873501015001000

Description

This exceptional 0.31-acre commercial property, located at 2001 W Main Street in Independence, Kansas, presents a unique investment opportunity. The 2,768 square foot building currently operates as a well-established Chinese restaurant with a seating capacity of 120. Boasting 100 feet of frontage on West Main Street and a depth of 133.5 feet, this property offers significant visibility and potential for a variety of uses. The building itself is in excellent condition, having been meticulously maintained by the owners over the past 30 years. Included are three and a half bathrooms, two central gas heaters, and two electric air conditioners, ensuring year-round comfort. A convenient carport is located at the rear of the building. All existing restaurant equipment and furnishings are negotiable, providing a seamless transition for a new owner. The owners are retiring and seeking a buyer to continue the legacy of this successful business or to repurpose the space to suit their own vision. Showings are by appointment only. This property is situated in Montgomery County, Kansas, with a zip code of 67301. The asking price for this prime commercial property is $285,000.

• CAP approach

  CAP return

  Valuation

  6%

  $354,699

  6.5%

  $327,414

  7%

  $304,027

• Comparable approach

  Method

  Valuation

  Relative Method

  $498,948

  Geo Method

  $498,948

• Alternative Use

  Use

  Valuation

  Residential

  $276,186

  Hospitality

  $252,985

  Educational

  $210,481

  Medical

  $217,719

  Retail

  $327,414

Location Insight

City

Independence

County

Montgomery

State

Kansas

Latitude

37.2231

Longitude

-95.7315

CBSA code

17700

CBSA name

COFFEYVILLE, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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