Victorian Residence and Dorothy's Coffee Shop

Retail-Commercial for Sale
Catylist Listing ID: 30662606
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 2,513 SF
Gross Land Area: 11,500 SF
Sale Price: $199,000 - 275,000
Unit Price: $79.19 - 109.43 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User, Business
Building Name: Dorothy's Coffee Shop
Usable Size (USF): 2,513 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/29/2020

Overview / Comments

Looking for a change of pace or lifestyle? Explore this unique opportunity to buy Dorothy's Coffee House & Tea Room. Purchased and opened in 2019, with solid support from the community and travelers, this fully renovated 1887 Queen Anne Victorian home is set up and ready for a new owner. This 2,513 sf property features 3 bedrooms upstairs and a full bath. The main floor is a fully furnished coffeeshop and restaurant with 1 1/2 baths. The property AT $199,000 will be purchased as a residence without the FF&E, which would allow for 2 more additional bedrooms on the main floor, formal dining space and living room. Come explore this unique and wonderful opportunity! Business includes 1 year old FF&E included in the $275,000 Price (see equipment list). Property has new HVAC, plumbing, roof and electrical along with new high-end finishes throughout the property. Includes outbuilding and garage. Also listed as a Commercial Listing RSCK MLS #588451

Additional Details

Nearest MSA: Wichita
County: Marion
Submarket Type: Historic District
Taxing Authority: Marion County
Tax ID/APN: 0571193203038003000
Zoning: FOR RETAIL OR RESIDENTIAL USE
Retail Clientele: General, Family, Traveler, Tourist
Property Located Between: Main & Sante Fe on 3rd St
Property Visibility: Good
Largest Nearby Street: Main
Airports: Dwight D Eisenhower Airport & Jabara or Benton for Private Planes
Site Description: North East Corner of Sante Fe & 3rd St directly across from The Historic Elgin Hotel
Area Description: Charming
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1887
Year Renovated: 2016
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: Original Wood above the 1st floor but matching Vinyl Siding on the main level. Composition Shingle Roof Restored Victorian throughout.
Total Parking Spaces: 3
Parking Type: Structure, Surface
Parking Description: Parking for 2 RV's and A garage with pine sided interior, as could be additional retail space, or a very solid garage
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Satellite
Interior Description: See FF&E list Value $76,000, Owner will retain should new owner not interested in using the new commercial restaurant equipment.
Zoning Description: Residential OR Commercial Use
Water Service: Municipal
Sewer Type: Municipal
Easements Description: UNKNOWN
Land Ownership: Fee Simple
Legal Description: Lots 97-99, Millers 1st Addn

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 761 761 1,546
Median Age: 49.11 49.11 47.36
Households: 391 391 718
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