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Blog 316-529-3100 team@langere.com

1111 E Central Ave El Dorado KS 67042

$1,150,000 Price 12,000 sq. ft.

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.

Listed by Era Great American Realty

At a Glance

Status
Active
MLS ID
610404
Type
Business Opportunity
Year Built
1956
Lot
6.1 acres
Neighborhood
County
Butler
Area
B22 - El Dorado

Location

El Dorado 67042 1111 E Central Ave

Property Details

Exterior Details
Loading Dock
None
Location
Central Business District, Industrial Park, Other/See Remarks
Misc. Features
None
Parking
None
Rail
None
Roof
Metal
Sidewall Height
Less than 10 Ft
Interior Details
Cooling
Electric, Heat Pump, Window Unit
Flood Insurance
Unknown
Floors
Carpet
Heating
Electric, Heat Pump
Sq. Ft. Max Contiguous
0
Sq. Ft. Min Available
9600
Sq. Ft. Vacant
0
Property Details
Current Use
Motel/Rest
Electrical
110 Volt, 220 Volt
Invest Package Available
No
Owner Paid Expenses
Electricity, External Building Repairs, Gas, Internal Building Repairs, Personal Property Tax, Property Insurance, Real Estate Taxes, Site Maintenance, Trash, Water
Ownership
Individual
Property Taxes
8881
Sale or Lease
Sale
Tax Year
2019
Tenant Paid Expenses
None
Terms of Lease
No Leases
Value Improved
210, 030
Zoning
General Comm

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