Route 66 Retail

Retail-Commercial for Sale
Catylist Listing ID: 30756100
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 54,070 SF
Gross Building Area: 54,370 SF
Gross Land Area: 38,332 SF
Sale Price: $5,000,000
Unit Price: $92.47 PSF
Ceiling: 20 ft.
Property Use Type: Vacant/Owner-User
Building Name: Cafe on the Route, Little Brick Inn, Decades of Wheels Museum
Usable Size (USF): 54,070 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2021

Overview / Comments

The package includes 7 buildings located on the iconic Route 66 in Baxter Springs, KS. These properties were completely renovated, striped back to the studs, and restored in 2018. The offering is a total of 54,370 gsf and includes the Café on the Route (4,764), a 26 room boutique hotel called The Little Brick Inn (23,897), a Museum (15,219), an Arcade (5,560), and a 2-level Bar & Bistro (4,630). All utilities were modernized during the 2018 renovations. The entire complex is supported by a solar panel array, making it energy efficient and very cost effective to operate.

Additional Details

Nearest MSA: Pittsburg
County: Cherokee
Tax ID/APN: 0112210102042001000
Zoning: C1
Retail Clientele: General, Business, Traveler, Tourist, Convention
Property Located Between: One block north of the intersection of US 69 and US 166
Property Visibility: Excellent
Largest Nearby Street: Military Ave (US 69/Route 66)
Traffic/Vehicle Count: 28,220
Highway Access: Located on US 69 (Route 66) and one block from US 166
Site Description: The Cafe on the Route, once featured on The Food Network program Diners, Drive-Ins and Dives, is located in what formerly was called the Crowell Bank building, which in 1876 was famous for being held up by Jesse James and Cole Younger. This space was completely updated in 2018 with a renovated kitchen, new mechanical systems and cooking equipment. The Little Brick Inn, formerly a 7 room Bed & Breakfast, is now completely renovated and consists of 26 new, fully furnished guest rooms. The building that is the entrance to the Inn, 1105 Military Ave, was completely torn down and reconstructed to include the second story. The main level of the Inn has the guest lobby, guest laundry, and elevator to the second floor. This floor also offers guests an exercise room, two conference center rooms, and access to a raised concrete patio. All guest rooms feature memory foam mattresses on adjustable base beds, bathrooms that have vanity tops and showers by The Onyx Collection, and a full line of amenities such as a flat screen TV, mini fridge, and microwave. Back of house operations include onsite commercial laundry equipment, check in and key card software, security controlled doors, and a tornado shelter for guests and staff. The space formerly occupied by the Decades of Wheels Car Museum is designed with a front entry memorabilia shop and admission counter. The museum itself spans across two and one-half buildings with overhead doors for access to the back alley. The space offers several hundred square feet of adaptable retail space that could be repurposed for a variety of uses. The Spin Out Arcade utilizes two buildings and is designed as a video game arcade, a Bumper Car Track and a car themed Gymboree. The design includes three gathering rooms for patrons to utilize as party rooms for birthday parties and other celebrations, four restrooms, and is connected by a door to Rita’s Roost. It also has an overhead door to the alley. Rita’s Roost is a two story Bar and Bistro done in a 50’s style theme. This property has a partially equipped bar and a second story with restrooms that can accommodate private parties. The Bistro is connected to the kitchen at Cafe on the Route via a back corridor allowing secure, quick and efficient service to its patrons.
Tenancy: Multiple Tenants
Total Number of Buildings: 7
Number of Stories: 2
Typical SF / Floor: 30,450 SF
Property Condition: Excellent
Year Built: 1926
Year Renovated: 2018
Roof Type: Other
Construction/Siding: Brick
Parking Type: Other
Parking Description: Street parking
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Zoning Description: C1
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Legal Description: ORIGINAL PLAT BS, S00, T00, R00, BLOCK 8, LOTS 1 - 5 & N 20.8' LOT 6

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,164 6,564 11,095
Median Age: 37.65 39.48 39.72
Households: 919 2,614 4,357
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