1111 E Central Ave, El Dorado, KS 67042
sale
$1,150,000
|
Business Opportunity
Courtesy Of ERA Great American Realty
PRICE REDUCED! VERY MOTIVATED SELLER. Welcome to El Dorado Motel and Restaurant at 1111 E Central Ave, El Dorado KS situated on PRIME LOCATION at HIGHWAY 54 with a HIGH CONVERSION POTENTIAL AND LIMITLESS POSSIBILITIES , whether continuing it as a motel/restaurant business, or transforming it into RV Park, or truck shop, or a convenience store, or a senior housing... and the list goes on. This 6.1 acres compound hosts 34 motel rooms, two bedroom manager's apartment and a restaurant. Ten of the motel rooms are doubles and the remaining 24 are singles. Each room comes with its own vanity, toilet and shower in addition to microwave, refrigerator, tv set and writing desk. The manager's onsite apartment has ample sized two bedrooms, kitchen, living room and a bathroom as well as motel receptionist area. The grounds are well complimented with mature trees and the ever inviting fenced nine feet swimming pool. As your pleasant stay at the motel unfolds, wake up to the aroma of the mouth watering food from the 4500 sq. feet restaurant. Currently running as an Italian restaurant, the dining side has 4 booths and sits up to 80 people while the party area can accommodate up to 65 people. The party room can also be divided into 2 separate rooms (for more parties) and comes accompanying waitress rooms. Attached, is the big restaurant kitchen with 2 bread makers, dry storage and walk in coolers. The metal roof at the restaurant was recently replaced in 2019. LOCATION is important. Come and take a look at this incredible property on Highway 54 right in between El Paso, TX and Chicago, IL! You will not miss a basketball game or a Broadway show. Coming from the East of the highway, it is the first motel and arriving from the West, it is 1 mile from the Refinery and 10 minutes from Downtown El Dorado. The owners have been running this establishment for 44 years now and the place is always filled with recurring motel guests and no rooms to spare for months and months during the yearly El Dorado refinery turn-arounds All inventory will be included in the sale of the property. Come and look at this property offering TWO STREAMS OF INCOME ON ONE PROPERTY LOT. The property will also be sold As- is, where - is.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Window Unit(s) A/C
- Cooling System: Heat Pumps
- Floor Covering: Carpet
- Floors: 0.0
- Heating Fuel: Electric
- Heating System: Heat Pump
- MLSID: 610404
- Parking Type: Parking Lot
- Roof Type: Metal
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