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Property profile & analytics
OFF-MARKET
Turn key restaurants

103 Franklin St Reading, KS 66868

2,400 SF 0.35 ac lot Built 2011
Individually Owned Absentee Owner Free & Clear
Property ID
US33-1314714
Property summary
AI-generated overview

This exceptional turnkey restaurant opportunity is located at 103 Franklin Street in Reading, Kansas. Built in 2011, this well-maintained establishment is ready for immediate operation. The spacious interior comfortably seats 49+ patrons and includes a fully equipped kitchen boasting a comprehensive array of commercial appliances. This includes three small freezers, one stand-up freezer, two small refrigerators, a prep table, a salad bar, a two-basket electric fryer, a four-burner gas stove, a convection oven, an ice machine, and a hood system with suppression. Outdoor cooking options are also available with an included smoker and fryer. The property features a convenient walk-in cooler/freezer, ensuring efficient food storage. Two furnaces provide reliable heating, and a single bathroom is available for customer use. Ample parking is provided in the rear lot. All existing inventory will be included in the sale at closing, making this a truly turnkey operation. This is a rare opportunity to acquire an established and profitable business in a thriving community. The asking price is $209,900. Don't miss this chance to own your own restaurant!

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2011
Total area 2,400 SF
Lot 0.35 ac (15,246 SF)
APN 162-03-0-10-06-001.00-0
UPID US33-1314714
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Miracle Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
EUGENE C JACKSON
EUGENE C JACKSON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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