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420 SE 6th Ave
Topeka, KS 66607
Ramada By Wyndham Hotel and Convention Center · Hospitality Property For Sale · 300 Rooms

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 7.22 AC
Building Size 281,886 SF
No. Rooms 300
No. Stories 12
Year Built/Renovated 1965/2010
Parking Ratio 1.35/1,000 SF
Corridor Interior
Zoning I1

AMENITIES

  • Balcony
  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • Shuttle Service
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Convention Hotel
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

ABOUT 420 SE 6TH AVE , TOPEKA, KS 66607

Major Re-Pricing!!  NOW OFFERED AT $21,983/Key!! This iconic hotel has been a hospitality staple for downtown Topeka for decades and is listed on the Topeka Historic Landmark record.  It still stands as one of the most utilized convention facilities in the state.   The operators of the hotel have done a masterful job of re-engineering the property in order to feature the income streams that are available in the offering.   The property is being offered at a very attractive price per key ($21,983).   Upside should exist in the hotel operations with re-positioning and upgrades to the hotel rooms. Topeka, with a county population of nearly 180,000, is known for its diverse economy related to the State Capital and the state government offices.  However, it is also known for its manufacturing, medical, insurance, transportation, sports and banking/financial sectors including quite a number of international companies.  It has historically been a strong hospitality market and the underlying business fundamentals are there to sustain it. Notable Local Employers: State of Kansas (6,000 local employees) Capitol Federal Savings Frito Lay Company Goodyear Tire & Rubber Hill’s Pet Nutrition Security Benefit Life Insurance Washburn University (includes Law school) Westar Energy Blue Cross Blue Shield of KS BNSF Railway

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
109-32-0-20-17-001-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$841,913
  • Listing ID: 18127134

  • Date on Market: 1/8/2020

  • Last Updated:

  • Address: 420 SE 6th Ave, Topeka, KS 66607

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