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32023581
32023580

2202 W. Central, El Dorado, KS 67042

MK
KS, MO 00231609 (+1)
Landmark Commercial Real Estate
Listed by Landmark Commercial Real Estate
$450,000
36 days on market
Updated 36 days ago

Revenue Generating Asset + 1.2 Acres

Details
Property Type Retail, Industrial (+1)
Sub Type Warehouse
Square Footage 2,500
Cap Rate 9.88%
NOI $45,000
Occupancy 100%
Tenancy Single
Lease Type Gross
Class B
Buildings 1
Acreage 1.300
Zoning C1 (Urban District)
Investment Type Stabilized
Ground Lease No

1.2 Acres for Development + 2,500SF Building

Marketing description

Opportunity to buy a revenue generating asset with an additional 1.2 acres for development

Investment highlights

Income-Producing Asset with Development Upside

  • Existing 2,500 SF industrial building generates approximately $45,000/year in rental income, providing immediate cash flow.
  • Attractive 9.875% cap rate based on current income and offering price.

Excess Land for Future Development

  • Situated on a 1.3-acre lot, including approximately 1.2 acres of surplus land, creating strong potential for expansion, additional buildings, or future redevelopment.
  • Zoning supports continued commercial use, offering flexibility for owner-user or investor strategies.

Functional Industrial Building

  • 50’ x 40’ metal building with two overhead doors, ideal for light industrial, service, contractor, or warehouse users.
  • Clear-span interior accommodates a wide range of operational layouts.
  • On-site improvements reduce near-term capital expenditure requirements.

Strategic Central El Dorado Location

  • Located along W. Central Avenue, a key east–west commercial corridor in El Dorado.
  • Proximity to national and regional retailers, service businesses, and financial institutions supports long-term tenant demand.
  • Easy access to local arterials connecting to US‑77 and employment centers throughout Butler County.

Strong Local Market Fundamentals

  • El Dorado is the county seat of Butler County and benefits from a stable employment base tied to energy, manufacturing, healthcare, and education.
  • Surrounding retail and service concentration drives consistent traffic and supports commercial occupancy.
  • Moderate population growth and household income trends support continued demand for flexible industrial and service-oriented space.

Below-Replacement Cost Opportunity

  • Property offers investors exposure to industrial real estate at a basis well below new construction costs, enhancing downside protection.
  • Value-add potential through lease optimization, tenant expansion, or development of surplus land.

Low Annual Carry Costs

  • Annual real estate taxes are approximately $3,008, aiding cash flow stability for both investors and owner-users.

Listing Contacts

MK
KS, MO 00231609 (+1)
Landmark Commercial Real Estate
Listed by Landmark Commercial Real Estate

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$45,000.00
$3,750.00/mo

Valuation Metrics

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DSCR
10%
Cap Rate
10%
ROI

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