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1111 E Central Ave

El Dorado, KS 67042
  • $1,150,000
  • STATUS: Active
  • MLS #: 610404
$1,150,000
  • 0
    BEDS
  • 6.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,000
    SQFT
  • $96
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1956
County:

School Ratings & Info

Listing information © 2022 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Asha Porter of Era Great American Realty.




Description

PRICE REDUCED! VERY MOTIVATED SELLER. Welcome to El Dorado Motel and Restaurant at 1111 E Central Ave, El Dorado KS situated on PRIME LOCATION at HIGHWAY 54 with a HIGH CONVERSION POTENTIAL AND LIMITLESS POSSIBILITIES , whether continuing it as a motel/restaurant business, or transforming it into RV Park, or truck shop, or a convenience store, or a senior housing... and the list goes on. This 6.1 acres compound hosts 34 motel rooms, two bedroom manager's apartment and a restaurant. Ten of the motel rooms are doubles and the remaining 24 are singles. Each room comes with its own vanity, toilet and shower in addition to microwave, refrigerator, tv set and writing desk. The manager's onsite apartment has ample sized two bedrooms, kitchen, living room and a bathroom as well as motel receptionist area. The grounds are well complimented with mature trees and the ever inviting fenced nine feet swimming pool. As your pleasant stay at the motel unfolds, wake up to the aroma of the mouth watering food from the 4500 sq. feet restaurant. Currently running as an Italian restaurant, the dining side has 4 booths and sits up to 80 people while the party area can accommodate up to 65 people. The party room can also be divided into 2 separate rooms (for more parties) and comes accompanying waitress rooms. Attached, is the big restaurant kitchen with 2 bread makers, dry storage and walk in coolers. The metal roof at the restaurant was recently replaced in 2019. LOCATION is important. Come and take a look at this incredible property on Highway 54 right in between El Paso, TX and Chicago, IL! You will not miss a basketball game or a Broadway show. Coming from the East of the highway, it is the first motel and arriving from the West, it is 1 mile from the Refinery and 10 minutes from Downtown El Dorado. The owners have been running this establishment for 44 years now and the place is always filled with recurring motel guests and no rooms to spare for months and months during the yearly El Dorado refinery turn-arounds All inventory will be included in the sale of the property. Come and look at this property offering TWO STREAMS OF INCOME ON ONE PROPERTY LOT. The property will also be sold As- is, where - is.

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This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2022 South Central Kansas Multiple Listing Service, Inc. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-10-06T00:00:44.997.
www.sellingbetterhomes.com/homes/127953336
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1111 E Central Ave El Dorado, KS 67042

  • Price: $1,150,000
  • Status: Active
  • On Site: Days
  • MLS #: 610404
0
Beds
0
Baths
0
½ Baths
6.1
Acres
12,000
SQFT
$96
$/SQFT
1956
Built
Neighborhood:
B22 - El Dorado
County:
Butler
Area:
B22 - El Dorado
Property Description
PRICE REDUCED! VERY MOTIVATED SELLER. Welcome to El Dorado Motel and Restaurant at 1111 E Central Ave, El Dorado KS situated on PRIME LOCATION at HIGHWAY 54 with a HIGH CONVERSION POTENTIAL AND LIMITLESS POSSIBILITIES , whether continuing it as a motel/restaurant business, or transforming it into RV Park, or truck shop, or a convenience store, or a senior housing... and the list goes on. This 6.1 acres compound hosts 34 motel rooms, two bedroom manager's apartment and a restaurant. Ten of the motel rooms are doubles and the remaining 24 are singles. Each room comes with its own vanity, toilet and shower in addition to microwave, refrigerator, tv set and writing desk. The manager's onsite apartment has ample sized two bedrooms, kitchen, living room and a bathroom as well as motel receptionist area. The grounds are well complimented with mature trees and the ever inviting fenced nine feet swimming pool. As your pleasant stay at the motel unfolds, wake up to the aroma of the mouth watering food from the 4500 sq. feet restaurant. Currently running as an Italian restaurant, the dining side has 4 booths and sits up to 80 people while the party area can accommodate up to 65 people. The party room can also be divided into 2 separate rooms (for more parties) and comes accompanying waitress rooms. Attached, is the big restaurant kitchen with 2 bread makers, dry storage and walk in coolers. The metal roof at the restaurant was recently replaced in 2019. LOCATION is important. Come and take a look at this incredible property on Highway 54 right in between El Paso, TX and Chicago, IL! You will not miss a basketball game or a Broadway show. Coming from the East of the highway, it is the first motel and arriving from the West, it is 1 mile from the Refinery and 10 minutes from Downtown El Dorado. The owners have been running this establishment for 44 years now and the place is always filled with recurring motel guests and no rooms to spare for months and months during the yearly El Dorado refinery turn-arounds All inventory will be included in the sale of the property. Come and look at this property offering TWO STREAMS OF INCOME ON ONE PROPERTY LOT. The property will also be sold As- is, where - is.
Exterior Features

Construction Frame Frontage Highway Loading Dock None Location Central Business DistrictIndustrial ParkOther/See Remarks Miscellaneous Features None Overhead Doors None Parking Parking LotParking Over 25 Rail None Roof Metal Sidewall Height Less Than 10 Ft

Interior Features

Cooling ElectricHeat PumpWindow Unit Floors Carpet Heating ElectricHeat Pump Levels 0 Sq Ft Building 10001 - 20000 Sq Ft Max Continguous 0 Sq Ft Min Available 9600 Sq Ft Vacant 0

Property Features

Commercial Type Business Opportunity Electrical 110 Volt220 Volt Flood Insurance Unknown Improvements 210030 Invest Package Available No Leased Land No Owner Paid Expenses External Building RepairsElectricityGasInternal Building RepairsPersonal Property TaxProperty InsuranceReal Estate TaxesSite MaintenanceTrashWater Ownership Individual Present Use Motel/Rest Property Taxes 8881 Sale Or Lease Sale Sale Or Rent For Sale Special Balance 0 Special Tax Year 2021 Tax Specials 0 Tax Year 2019 Tenant Paid Expenses None Terms Of Lease No Leases Utilities GasElectricCity WaterCity Sewer Zoning General Comm

Listing courtesy of Asha Porter of Era Great American Realty: [IDXCONTACTINFORMATION].


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2022 South Central Kansas Multiple Listing Service, Inc. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-10-06T00:00:44.997.
 
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Collins & Associates Real Estate Professionals
303 S West St, Ste 150
Wichita KS, 67203

Listing information © 2022 South Central Kansas Multiple Listing Service, Inc.
Listing provided courtesy of Asha Porter of Era Great American Realty.