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This Hospitality Property is no longer advertised on LoopNet.com.

1111 E Central Ave
El Dorado, KS 67042

El Dorado Motel and Restaurant · Hospitality Property For Sale · 9,589 SF

Investment Highlights

  • Heavy Traffic on Highway 54
  • Established area and business
  • Ample room for expansion
  • High potential for conversion to a different business investment
  • Vast Visibilty

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 6.10 AC
Building Size 9,589 SF
No. Stories 1
Year Built 1956
Corridor Exterior

Amenities

  • Pool
  • Restaurant
  • Meeting Event Space

About 1111 E Central Ave , El Dorado, KS 67042

BACK ON MARKET DUE TO BUYER'S INABILITY TO PERFORM. El Dorado Motel and Restaurant at 1111 E Central Ave, El Dorado KS welcomes you. Situated on PRIME LOCATION at HIGHWAY 54 with a HIGH CONVERSION POTENTIAL , LIMITLESS POSSIBILITIES and a VERY MOTIVATED SELLER, this unique property offers boundless 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. All rooms are equipped with individual 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, you'll be greeted by the aromas of 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. Included, is the big restaurant kitchen with 2 bread makers, dry storage and walk in coolers. The metal roof at the restaurant was replaced in 2019. LOCATION is important. Take a moment to tour this hidden gem 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 45 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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
008-211-01-0-00-11-001.00-0
Land Assessment
$5,487
Improvements Assessment
$52,120
Total Assessment
$57,607

zoning

Zoning Code Commercial (C1)
Commercial (C1)
  • Listing ID: 25527574

  • Date on Market: 4/22/2022

  • Last Updated:

  • Address: 1111 E Central Ave, El Dorado, KS 67042

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