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226 W Central Ave 16,500 SF 100% Leased Office Building El Dorado, KS 67042 $175,000 ($10.61/SF)
EXECUTIVE SUMMARY
Welcome to the Smith Building! Located in the heart of El Dorado's historic downtown, directly across from the Butler County Courthouse, this legendary property offers an incredible investment opportunity. Originally constructed in 1920 as the St. Luke's Hospital and since converted to downtown office space, this 3-story building offers 16,500 sf (5,500sf on each level), in addition to a 6,020sf unfinished basement. The building includes an elevator, interior and exterior fire escape, dry basement for storage and a 2015 roof. Currently there are 9 rent paying tenants. Great opportunity to invest in El Dorado's stable market and be a part of downtown revitalization!
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
16,500 SF
Building Class
C
Year Built/Renovated
1921/2021
Price
$175,000
Price Per SF
$10.61
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,500 SF
Building FAR
2.53
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial & Industrial
AMENITIES
- 24 Hour Access
- Property Manager on Site
- Storage Space
- Basement
- Bicycle Storage
- Partitioned Offices
- Air Conditioning
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Walk Score®
Very Walkable (71)
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226 W Central Ave
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