217 Washington Ave Wellington, KS 67152-3952
This exceptional opportunity presents a nationally renowned BBQ restaurant in Wellington, Kansas, complete with two buildings and significant upside. The main building, 217 N Washington Ave, boasts 4,050 square feet and features a fully renovated kitchen and inviting dining area, ready for immediate operation. The restaurant enjoys a strong local reputation and proven profitability, offering a seamless transition for a new owner. Included in the sale are all real estate, fixtures, and equipment, ensuring a truly turnkey operation. A 2016 cold storage building (Building 215) provides ample storage space or potential for redevelopment. Both buildings include existing living quarters, offering the possibility of rehabilitation for additional rental income or owner occupancy. The property sits on a 0.2-acre lot. The roof was recently updated in 2021. Detailed financial information is available upon signing a confidentiality agreement. This is a rare chance to acquire an established, profitable business with substantial growth potential and a rich history in the community. Don't miss this opportunity to own a piece of Wellington's culinary heritage and build upon its success. The asking price for this exceptional package is $450,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.