16 W Peoria St Paola, KS 66071

2,816 SF 0.06 ac lot Built 1910

Entity Owned 8-yr Hold ~ Est. High Equity

Property ID

US33-1122451

Google Maps

This exceptional investment opportunity presents a historic restaurant located at 16 W Peoria St, Paola, KS 66071. The property, built in 1880 or later, boasts a total of 4,577 square feet spread across two stories and sits on a 2,933 square foot lot. The main level currently operates as a restaurant with seating for approximately 75 patrons. The upper level, formerly comprised of two apartments, is currently used for storage and requires renovation to be restored to its original use or repurposed. Potential buyers are encouraged to consult with Paola Planning and Zoning, as well as the Codes Department, to explore development options and ensure compliance with all regulations. A sizable basement, accessible from the rear of the building, provides additional storage space. The asking price is $390,000, translating to $85.21 per square foot. The sale includes the building, fixtures, and equipment, and is offered AS-IS. The property is zoned COM and presents a unique opportunity for a savvy investor to capitalize on its prime location and historical significance in the heart of Paola, Kansas. The building consists of one structure.