Property profile

209 1st St Abilene, KS 67410

OFF-MARKET
Warehouses
Property ID
US33-0679775
2,400 SF 0.16 ac lot Built 1996
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity is located at 209 W 1st Street in the heart of historic downtown Abilene, Kansas. Priced at $279,000, this well-established eatery boasts a seating capacity for up to 90 patrons. All existing restaurant equipment is included in the sale, providing a seamless transition for a new owner. The comprehensive inventory includes a walk-in cooler and freezer, three deep fryers, two grills, warming units, and ample prep tables – everything needed to immediately commence operations. A significant advantage is the inclusion of a detached warehouse featuring two overhead doors, ideal for storage or additional operational needs. The property also benefits from a sizable parking lot, ensuring convenient access for customers and staff. This presents a rare chance to acquire a thriving business in a desirable location with all the necessary infrastructure already in place. The property is categorized as General Commercial and sits on a lot with zero acres. This is a fantastic opportunity for an experienced restaurateur or a savvy investor looking for a profitable, established business. The property is ready for immediate operation, minimizing start-up costs and maximizing return on investment.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1996
Construction FRAME
Total area 2,400 SF
Lot 0.16 ac (6,970 SF)
APN 115-21-0-20-02-005.00-0
UPID US33-0679775

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

209 1st St Abilene, KS 67410-3003
Abilene metro Census 84400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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