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314 S Summit St

Arkansas City, KS 67005
  • $179,900
  • STATUS: Active
  • MLS #: 627901
UPDATED: 183 min ago
$179,900
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,800
    SQFT
  • $23
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1886
County:

School Ratings & Info

Listing information © 2024 South Central Kansas MLS.
Listing provided courtesy of Lacey Pool of Berkshire Hathaway PenFed Realty CELL: 620-506-7488 .




Description

Welcome to an extraordinary opportunity in the heart of Arkansas City's downtown area! This impressive building is bursting with potential and offers limitless possibilities for its future use. With its spacious upper level spanning over 3900 sqft, the potential for creating four separate apartment spaces is truly exciting. The building's original charm has been preserved, with intact hardwood floors and tin ceilings eagerly awaiting restoration to their former splendor. Notably, significant upgrades have already been completed, including the replacement of windows, plumbing, electrical systems, and the addition of hardwire fire sprinklers. These essential modernizations provide a solid foundation for the next phase - the delightful task of designing and reimagining this remarkable space. The lower level of the building boasts two store fronts, opening up exciting avenues for multiple income streams from this single property. For savvy entrepreneurs or investors, this presents an enticing opportunity to capitalize on the property's excellent location and maximize returns. What's more, this property is eligible for the neighborhood revitalization tax abatement program - a true added bonus! This program offers an impressive 75% rebate for a period of 7 years, commencing upon the project's permit completion. This remarkable tax incentive further enhances the allure and financial benefits of this investment. Now is the perfect time to seize this amazing chance to revive and rejuvenate this downtown gem. Embark on an exciting journey of transforming this building into a thriving hub of activity and opportunity. Call the listing agent today!

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This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2024 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-05-19T19:00:58.773.
www.wichitahometeam.com/homes/141672447
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314 S Summit St Arkansas City, KS 67005

  • Price: $179,900
  • Status: Active
  • On Site: Days
  • Updated: 183 min ago
  • MLS #: 627901
0
Beds
0
Baths
0
½ Baths
0.15
Acres
7,800
SQFT
$23
$/SQFT
1886
Built
Neighborhood:
Arkansas City
County:
Cowley
Property Description
Welcome to an extraordinary opportunity in the heart of Arkansas City's downtown area! This impressive building is bursting with potential and offers limitless possibilities for its future use. With its spacious upper level spanning over 3900 sqft, the potential for creating four separate apartment spaces is truly exciting. The building's original charm has been preserved, with intact hardwood floors and tin ceilings eagerly awaiting restoration to their former splendor. Notably, significant upgrades have already been completed, including the replacement of windows, plumbing, electrical systems, and the addition of hardwire fire sprinklers. These essential modernizations provide a solid foundation for the next phase - the delightful task of designing and reimagining this remarkable space. The lower level of the building boasts two store fronts, opening up exciting avenues for multiple income streams from this single property. For savvy entrepreneurs or investors, this presents an enticing opportunity to capitalize on the property's excellent location and maximize returns. What's more, this property is eligible for the neighborhood revitalization tax abatement program - a true added bonus! This program offers an impressive 75% rebate for a period of 7 years, commencing upon the project's permit completion. This remarkable tax incentive further enhances the allure and financial benefits of this investment. Now is the perfect time to seize this amazing chance to revive and rejuvenate this downtown gem. Embark on an exciting journey of transforming this building into a thriving hub of activity and opportunity. Call the listing agent today!
Exterior Features

Construction Materials Brick Full Overhead Doors None Parking Features Street Parking Roof Flat

Interior Features

Cooling Central AirElectric Flooring TileWood Heating Forced AirGas

Property Features

Building Area Total 11700 Electric 110V Lease Term Existing Leases Loading Dock None Location Central Business District Miscellaneous Features Fire AlarmOwner StorageNone Ownership Individual Property Sub Type Retail Road Frontage Type City Arterial Sidewall Height None Tax Annual Amount 2847 Tax Year 2022 Transaction Type For Sale Utilities GasElectricCity WaterCity Sewer Zoning Central Bus Dis

Listing courtesy of Lacey Pool of Berkshire Hathaway PenFed Realty: CELL: 620-506-7488 .


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2024 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-05-19T19:00:58.773.
 
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Listing information © 2024 South Central Kansas MLS.
Listing provided courtesy of Lacey Pool of Berkshire Hathaway PenFed Realty CELL: 620-506-7488 .