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- LoopNet Team
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 | Building Size | 9,589 SF |
Property Subtype | Hotel | No. Stories | 1 |
Building Class | C | Year Built | 1956 |
Lot Size | 6.10 AC | Corridor | Exterior |
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.
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PROPERTY TAXES
Parcel Number | 008-211-01-0-00-11-001.00-0 | Improvements Assessment | $52,120 |
Land Assessment | $5,487 | Total Assessment | $57,607 |
PROPERTY TAXES
zoning
Zoning Code | Commercial (C1) |
Commercial (C1) |
Learn More About Investing in Hospitality Properties
Listing ID: 25527574
Date on Market: 4/22/2022
Last Updated:
Address: 1111 E Central Ave, El Dorado, KS 67042
The Hospitality Property at 1111 E Central Ave, El Dorado, KS 67042 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.