314 S Summit St Arkansas City, KS 67005
11,700 Sq. Ft. / 6,534 Sq. Ft., 0.15 acres lot size / Retail
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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!
property details
Type
Retail
Status
Active
County
Cowley
Year Built
1886
Sq. Ft.
11,700
Lot Size
6,534 Sq. Ft., 0.2 acres
Listing Id
627901
Courtesy Of
Lacey Pool - Berkshire Hathaway PenFed Realty CELL: 620-506-7488
List Office Phone
+1 (620) 207-1100
Subdivision
ARKANSAS CITY
Interior Features
Flooring
Tile
Wood
Wood
Living Area Units
Sq. Ft.
Exterior Features
Roof
Flat
Parking
On Street
Utility & Building Info
Sewer
Public Sewer
Parcel Number
299-30-0-30-18-005.00-0
Cooling
Central Air
Electric
Electric
Water Source
Public Water
Heating
Gas Heat
Forced Air
Forced Air
Tax Amount
2847
Building Area Total
11,700 Sq. Ft.
Price Per Sq Ft
$15
Architectural Style
Other
Listings provided by the South Central Kansas MLS.
This information is not verified for authenticity or accuracy, is not guaranteed, and may not reflect all real estate activity in the market. © 1993-2024 South Central Kansas MLS. All rights reserved.
“The information being provided is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.”
Price History
| date | event | price | source |
|---|---|---|---|
|
07/20/2023
07/20/2023
|
Active |
$179,900
|
South Central Kansas MLS |
View More
Market Trends
Source: LiveBy
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