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Retail space
KS
Paola
66071
120 Peoria St

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FOR SALE

Retail space

120 W Peoria St Paola, KS 66071

5,610 SF 0.56 ac lot Built 1925

Trust Owned Absentee Owner Free & Clear

Property ID

US33-1403504

$398,000 5,610 SF

120 W Peoria St, Paola, KS 66071
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This exceptional retail property, located at 120 W Peoria Street in Paola, Kansas, presents a unique investment opportunity. Situated on a 0.56-acre lot, the property boasts approximately 8,000 square feet of all-brick building space, currently configured as a full-service restaurant. The included furnishings and equipment are negotiable, offering flexibility for the new owner. A significant advantage is the ample parking: a private lot with 34 spaces supplements the adjacent large city parking lot, ensuring convenient access for customers. Adding to the property's versatility, two overhead doors, previously closed during a conversion from industrial to retail use, could be reopened to accommodate a variety of potential uses. The property also includes a spacious upstairs apartment featuring two or more bedrooms and one and a half bathrooms, totaling approximately 1,600 square feet. This prime location is adjacent to the historic Paola Town Square, placing it within easy reach of other retail establishments, service businesses, Paola City Hall, and the Miami County Courthouse. The high visibility and convenient location make this property ideal for a variety of commercial ventures. Owner financing is available, making this an attractive proposition for qualified buyers. The property's combination of retail space, residential apartment, and ample parking makes it a truly unique and versatile investment opportunity in the heart of Paola, Kansas.