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Property profile & analytics
OFF-MARKET
Retail space

217 Washington Ave Wellington, KS 67152-3952

4,050 SF 0.2 ac lot Built 1906
Individually Owned 16-yr Hold Free & Clear
Property ID
US33-0747551
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1906
Construction FRAME
Total area 4,050 SF
Lot 0.2 ac (8,712 SF)
APN 156-14-0-30-03-005.00-0
UPID US33-0747551
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Wellington Downtown Athlethic Club · 16 yrs held
Wellington Downtown Athlethic Club
since 2010
1 recorded transaction
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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