720 1st St Coffeyville, KS 67337

This exceptional 10,000 square foot property in Coffeyville, Kansas, presents a unique investment opportunity. Built in 1950, this single-story building sits on a 0.52-acre lot and is currently vacant. Previously used as an assisted living facility, it boasts 24 resident rooms, 12 half baths, and 2 ¾ bathrooms. A large, fully equipped commercial kitchen and ample communal areas are also included. The property includes a separate laundry building and a large parking lot to the north, offering potential for expansion or additional uses. Existing infrastructure includes electrical systems, plumbing, central heat and air conditioning, a sprinkler system, and an alarm system. Zoned R-1, this versatile property offers numerous redevelopment possibilities, including but not limited to: rehabilitation center, mental health facility, wellness center, affordable housing, school, or community center. Note: This property cannot be used as a long-term care or assisted living facility. Resources are available to assist new buyers in exploring tax incentives and grant programs. This is a remarkable chance to acquire a substantial property with significant potential in a prime Coffeyville location. The asking price is $200,000.