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Full details for Other For Sale in El Dorado, Kansas

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Description

BACK ON MARKET DUE TO BUYER'S INABILITY TO PERFORM. Welcome to El Dorado Motel and Restaurant at 1111 E Central Ave, El Dorado KSsituated on PRIME LOCATION at HIGHWAY 54 with a HIGH CONVERSION POTENTIAL AND LIMITLESS POSSIBILITIES , whethercontinuing 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 themotel rooms are doubles and the remaining 24 are singles. Each room comes with its own vanity, toilet and shower in addition tomicrowave, refrigerator, tv set and writing desk. The manager's onsite apartment has ample sized two bedrooms, kitchen, living roomand a bathroom as well as motel receptionist area. The grounds are well complimented with mature trees and the ever inviting fencednine 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 canaccommodate up to 65 people. The party room can also be divided into 2 separate rooms (for more parties) and comes accompanyingwaitress rooms. Attached, is the big restaurant kitchen with 2 bread makers, dry storage and walk in coolers. The metal roof at therestaurant was recently replaced in 2019. LOCATION is important. Come and take a look at this incredible property on Highway 54 rightin 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 ownershave been running this establishment for 44 years now and the place is always filled with recurring motel guests and no rooms to sparefor months and months during the yearly El Dorado refinery turn-arounds All inventory will be included in the sale of the property. Stop by and look at this property offering TWO STREAMS OF INCOME ON ONE PROPERTY LOT. The property will also be sold As- is, where- is. MOTIVATED SELLER Back to listing