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For Sale

215-217 N Washington Ave, Wellington, KS - Restaurant & Redevelopment Opportunity

217 N Washington Ave,
Wellington, KS 67152
Represented by
PenFed Realty

Asset Snapshot

Anchor Store
Retail Subtype
1906
Year Built
2019
Year Renovated
2
Floor Count
2
Building Count
0.20 Acres
Land Area
21%
Occupancy

Offering Summary

Investment Overview

Exceptional opportunity to acquire the home of Travelin’ Smoke BBQ, an award-winning restaurant with a proven following throughout South Central Kansas, along with significant value-add potential throughout the property. The extensively remodeled restaurant is fully operational, while the upper level features five vacant apartment units offering substantial upside through future renovation and income generation. Listing price is real estate value only for all 9,970 SF. An additional 2,960 SF of vacant, unrenovated commercial space provides endless possibilities for restaurant expansion, an event venue, additional retail, or another complementary use. A separate air-conditioned storage building is also located at the rear of the property. For an additional purchase price, the complete turnkey Travelin’ Smoke BBQ business is available, including FF&E, trade name, established book of business, and an owner transition period. Current ownership has demonstrated proven success operating Monday–Friday with weekend catering, leaving additional upside through expanded hours, weekend service, events, and increased catering. Community grants, historic tax credits, and other incentives may be available for qualified redevelopment projects. Business financials and additional information available to qualified buyers upon request.


Investment Highlights

  • 2 stories split between two buildings
  • Thriving BBQ business available for purchase
  • 5 Multi-family units for redevelopment
  • 2,960 SF vacant for redevelopment or restaurant expansion

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
$250,000
Asking Price

Investment Sales Broker

Market Insights