$495,000
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7,440 Sqft Lot
SOLD DATE : 02/28/2024
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2458450
Sold Date 02/28/24
Annual Tax Amount $6,028
Lot Size 7,440 Sqft
Acres 0.1707989
Property Description
2 buildings in 1 listing! The owner will finance at 5% with $50,000 down. This venue is stunning! The historic movie theater has been beautifully restored and offers a warm, inviting atmosphere perfect for any occasion. With over 8,000 square feet of meticulously renovated space, the building's history and charm have been preserved down to the most minor details. From the exposed brick walls to the iron beams of the original ceiling, every aspect of this venue exudes classic elegance. The bar area is fully equipped to cater to various beverage needs, and the custom-made iron railing staircase leads to an open balcony with overview seating perfect for hosting small ceremonies, business meetings, funerals, showers, and more. In addition to the theater itself, the venue also comes with a second renovated building that is attached, providing additional sources of revenue. This building includes newly constructed restrooms with 10 ft ceilings, tile floors, and chandeliers, a secluded bridal suite with a small private bathroom, a small kitchen with commercial appliances, and two large office spaces that showcase tablecloths and dinnerware available for rent. The tuxedos are displayed in the front office, marketing tuxedo rental through the venue's account with Jim's Formal Wear. The second story offers a newly remodeled apartment with a kitchen, bath, living room, and two bedrooms, fully furnished down to the dinnerware. This rents for $800 per month. There are two offices downstairs that could be rented for $600. But that's not all! The unfinished area includes two rooms and a small bath, providing a perfect place to be remodeled for an overnight stay, such as Airbnb or VRBO. With the possibility of four sources of income, the State Theatre Event Center is truly a one-of-a-kind investment opportunity. Plus, with ample parking and a prime location on the square of a small town, this venue is ideally situated to attract clients from near and far. Inventory on file
Location
State KS
County Cherokee
Zoning both
Interior
Fireplace N
Exterior
Utilities Available Service - 220v
Building
Story 2
Others
Acceptable Financing Cash, Conventional, Lease Purchase, Option To Buy
Listing Terms Cash, Conventional, Lease Purchase, Option To Buy
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