720 1St StCoffeyville, KS 67337

Property Details for 720 1St St

Year built

1950

Lot size

0.51 AC

Property size (Sq ft)

10,222 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

197-35-0-10-21-010.00-0

APU

1973501021010000

Description

This exceptional 10,000 square foot property in Coffeyville, Kansas, presents a unique investment opportunity. Built in 1950, this single-story building sits on a 0.52-acre lot and is currently vacant. Previously used as an assisted living facility, it boasts 24 resident rooms, 12 half baths, and 2 ¾ bathrooms. A large, fully equipped commercial kitchen and ample communal areas are also included. The property includes a separate laundry building and a large parking lot to the north, offering potential for expansion or additional uses. Existing infrastructure includes electrical systems, plumbing, central heat and air conditioning, a sprinkler system, and an alarm system. Zoned R-1, this versatile property offers numerous redevelopment possibilities, including but not limited to: rehabilitation center, mental health facility, wellness center, affordable housing, school, or community center. Note: This property cannot be used as a long-term care or assisted living facility. Resources are available to assist new buyers in exploring tax incentives and grant programs. This is a remarkable chance to acquire a substantial property with significant potential in a prime Coffeyville location. The asking price is $200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $871,021

  6.5%

  $804,020

  7%

  $746,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $840,857

  Geo Method

  $840,857

• Alternative Use

  Use

  Valuation

  Residential

  $1,019,933

  Hospitality

  $934,253

  Educational

  $777,288

  Medical

  $804,020

  Retail

  $1,209,114

Location Insight

City

Coffeyville

County

Montgomery

State

Kansas

Latitude

37.0437

Longitude

-95.6274

CBSA code

17700

CBSA name

COFFEYVILLE, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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