1408 Buffalo Jones AveGarden City, KS 67846

Property Details for 1408 Buffalo Jones Ave

Year built

1963

Construction

CONCRETE BLOCKS

Lot size

2.08 AC

Property size (Sq ft)

18,512 SF

Property type

Motels

APN

261-12-0-40-17-005.00-0

APU

2611204017005000

Description

This exceptional Garden City, Kansas property presents a unique investment opportunity encompassing a fully operational restaurant and a spacious three-bedroom apartment. Situated on a generous 2.08-acre lot at 1408 Buffalo Jones Ave, 67846, this single-tenant building offers 3,888 square feet of space, all currently vacant and ready for immediate occupancy. The restaurant boasts a fully equipped commercial kitchen, featuring a 20-foot hood, cooktops, fryers, refrigerators, and ample prep tables. The dining area is furnished with booths, tables, and chairs, allowing for seamless operation. A significant advantage is the inclusion of a 1,700 square foot, three-bedroom apartment with upgraded finishes, providing additional income potential or owner accommodations. The property also includes a basement offering substantial storage, three walk-in coolers, and a 2,000 square foot carpeted area ideal for large events or private parties. Built in 1963, this single-story building is zoned GC and lacks elevators. This turnkey operation is perfect for an entrepreneur seeking a ready-to-go restaurant with significant living space, or an investor looking for a multi-faceted income-generating property. The property's size and amenities offer considerable flexibility and potential for growth. The location in Garden City, Kansas provides access to a thriving community and ample customer base. This is a rare opportunity to acquire a fully equipped and established business with significant living space, all in one convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,897,970

  6.5%

  $2,675,049

  7%

  $2,483,974

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,765,903

  Geo Method

  $5,234,305

• Alternative Use

  Use

  Valuation

  Residential

  $2,920,376

  Hospitality

  $2,675,049

  Educational

  $2,225,610

  Medical

  $2,302,152

  Retail

  $3,462,059

Location Insight

City

Garden City

County

Finney

State

Kansas

Latitude

37.9756

Longitude

-100.887

CBSA code

23780

CBSA name

GARDEN CITY, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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