501 Hospital Dr Paola, KS 66071-1850

This exceptional 24,500 square foot brick commercial building presents a lucrative investment opportunity in Paola, Kansas. Located at 501 S Hospital Drive, this single-story property sits on a generous 3.43-acre lot. Originally constructed in 1955, the building has been thoughtfully repurposed from its former use as a hospital into three or more rental units, generating a substantial net income of approximately $200,000 annually. The property's classification as both Medical Office and Executive Office space caters to a diverse range of potential tenants, ensuring strong occupancy rates and consistent revenue streams. The asking price is $1,950,000. Situated in Miami County, Kansas, with a 66071 zip code, this prime location offers excellent accessibility and visibility. The building's substantial size and established rental income make it an ideal investment for those seeking a stable and profitable commercial property in a thriving Kansas community. This is a rare opportunity to acquire a well-maintained, income-producing asset with significant potential for future growth and appreciation. The property's history as a hospital provides a solid foundation for continued success in the medical or executive office market.