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16 W Peoria St
Paola, KS 66071
Retail Property For Sale
Executive Summary
New month. New deal! EXCEPTIONAL DOWNTOWN INVESTMENT OPPORTUNITY! Historic mixed-use commercial building on the Paola Square offering outstanding value and multiple income possibilities. The main level features approximately 2,760+/- SF of fully equipped restaurant space with commercial kitchen, bar, and dining area, while the 1,840+/- SF second floor offers excellent potential for apartments, office space, short-term rentals, or additional commercial use. A basement provides valuable storage and utility space. Offered at just $275,000 (approximately $60/SF above grade), this property includes the building, restaurant equipment, and fixtures, making it an attractive opportunity for investors, developers, or owner-users seeking a well-located downtown asset with significant upside potential. Zoned commercial and sold AS-IS. Buyer to verify all measurements, inspections, permitted uses, and renovation requirements with the City of Paola.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
C
Year Built/Renovated
1880/2019
Price
$387,335 CAD
Price Per SF
$86.07 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.53
Lot Size
0.07 AC
Zoning
Commercial - Commercial
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 135-16-0-20-32-006.00-0 | Improvements Assessment | $56,657 CAD |
| Land Assessment | $4,131 CAD | Total Assessment | $60,788 CAD |
Property Taxes
Parcel Number
135-16-0-20-32-006.00-0
Land Assessment
$4,131 CAD
Improvements Assessment
$56,657 CAD
Total Assessment
$60,788 CAD
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