HOTEL APT.C0MPLEX RESTAURANT BAKERY GIFT SHOP IN KANSAS Start Price USD 479,000.00 Current Price USD 479,000.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Saturday, September 20, 2008 End Time Monday, October 20, 2008 Location Norton, Kansas See more about 'HOTEL APT.C0MPLEX RESTAURANT BAKERY GIFT SHOP IN KANSAS' Description     OWNERS ARE RETIRING SO THIS IS FOR SALE: Multi Use apartment complex in downtown Norton Kansas. This Victorian 2 story brick building was once the Kent Hotel! Her history has included a saloon and hotel complete with brothel! There have been other restaurants and bars in her over many years. It was purchased in the 1980's by a lawyer and completely renovated to the cost of several hundred thousand dollars.  10 luxury apartments were put in complete with wood fireplaces, wet bars central heat and air and more. Currently it is being used as a 22,000sf, large, brick apartment building with a retail, multi use complex in the lower east level.  This contains the Stonehouse Restaurant, The Corner Shoppe Bakery and a gift shop. There is also a conference room with private entrance and bathroom in the north side. This large room can also be rented nightly. There are 10 luxury apartments (100% occupied with long term tenants) that include: Unit 1 (1) bedroom with 7 appliances, terrace, fans and fireplace. Ground floor Unit 2, (1) bedroom with 7 appliances, terrace. Ground floor Unit 3 (2) bedroom 1 and 1/2 baths w/ 7 appliances Ground Floor Unit 4 (2) bedroom 2 storey, with 2 and 1/2 baths, gas/wood fireplace, 30 foot cedar beams, brass railings, ceiling fans and intercom. Ground floor and upstairs entrance and or exit also plus balcony and private entrance to the Stonehouse restaurant .  Unit 5 (2) bedroom, 1 bathroom, with wood fireplace, wet bar, 7 appliances and intercom. Unit 6 (2) bedroom 1 bath with wet bar and 7 appliances and intercom. Unit 7, (2) bedroom, 1 bath, with fireplace, wetbar and 7 appliances and intercom. Unit 8 (2) bedroom 1 bath, with 6 appliances and fireplace. Unit 9 (2) bedroom 1 bathroom with and 7 appliances. Unit 10 (2) bedroom, 1 bathroom with wet bar, fireplace, 7 appliances and private balcony. There is a mail room with intercom and pop machine on the main floor. Park with pond and fountains included with separate deed.  Ample parking on all sides of this complex included. 7 appliances in each apartment include: Fridge,stove,dishwasher trash compactor, garbage disposal washer and dryer. There are approximately 70 appliances not including the restaurant, bar and bakery equipment. All the apartments have separate meters and tenants pay thier own utilities. The taxes are 2200 dollars per year.   The Stonehouse Restaurant is fully licensed with a seating capacity of 50 people and can be expanded to seat 150. The huge professional kitchen is complete with Hobart Convection oven (gas) Tri Star professional stainless stove with 4 gas burners and grill cooktop (10mo.) Hobart 20qt mixer with stand and attachments Large 2 door Tru Star black NSF cooler Ice O matic Ice machine 150lb.cap. (10mo) Triple stainless sink with sprayer and professional Insinkerator garbage disposal. Tater Curls Machine 2 Fry Daddy's Chocolate Fountains Refrigerated display case Wire bakery display racks Mandolin and attachements Chef Master large salad washer electric ice cream machine Waring pro food slicer Hobart digital scale (2) 8 foot stainless tables (one with can opener) 5 prof. equipment racks (one with wheels) 2 stainless rolling carts stainless rolling bus cart  2 Bunn service centers Koch hand washing station stainless hands free Cuisinart professional 14c. capacity food processor stainless (10mo) 5 electric knife sets (3 new unused) Professional knife set cutlery, silverware, plates, cups,ramkins, bowls etc.. enough for service of 200 2 blenders 1 juicer  Tons of stemware, hundreds small kitchen items (too many to list). 2 commercial freezers,1 chest 1 upright POS system  New credit card machine Fully licesnsed Bar with all equipment included  Bar mixers cooler Kegorator Portable stainless beverage server Lifetime catering tables and chairs restaurant tables and chairs tablecloths napkins, serving trays, serving stands New acrylic bakery display case many bakery baskets artificial trees with lighting mop bucket and mops brooms etc... (2) 5 gallon Italian beverage servers glass 3 large stainless coffee makers baking rack with 24 full size baking pans Serco meat scale large stainless scale digital food scale Muffin and tart pans, pie pans, cake pans, flans Assorted bakery equipment Microwave and stand Large hand carved wooden Stonehouse sign Professional chafing dishes Giant cut glass punch set Ultima China for dining room The Restaurant was renovated and updated September 2008 with new electrical, pex plumbing and hot water heating. New gas lines were added as well as lighting. There is also a new reverse osmosis machine for the ice maker and coffee tap. etc...etc...etc.... turn key business just walk in and start making money! Current income,43,560.00 per year from apartment rents and bakery, restaurant and gift shop have unlimited potential. Currently only open part time 4 days a week. So there is a much larger income potential than what is currently listed. All books and records are available for viewing. Asking price on this building with 4 business ' in 1 plus a living facility is 479,000 dollars.  Please email for info siobhan@westernks.com or call 785 202 1387     Many successful people have learned the value of basing their business in a Kansas community.  The cost of living and overhead expenses are low, work ethic is strong, and pace of life is not the insane rat race like larger cities.  Low crime and with near record low interest rates, this is a great time to purchase a commercial property. Kansas was rated the #1 state in the nation in a recent report in Forbes magazine (click on page to enlarge) evaluating where to locate new businesses or subsidiaries. There are homes to buy or rent in the Norton area for very reasonable prices or move into this luxury ground unit 4! There are programs available through the Kansas Department of Commerce and from utility companies to assist qualified individuals or organizations in purchasing and developing properties such as these. Additional services are provided by the Kansas Small Business Development Center to assist entrepreneurs and small business growth through professional counseling, training, and resources. The State of Kansas is actively promoting economic development, and in April of 2004, implemented the Kansas Economic Growth Act and the Rural Business Development Tax Credit Program.   Norton is a small clean Christian community in the heart of the "Bread Basket" or Mid-West farming belt.  There are many active childrens programs like Scouts, 4H and sports available through our excellent school systems.  This building is located in the heart of the business district walking distance to many shops and business'.  This building is zoned commericial residential and can be put back to a Hotel with no zoning requirements.     For the cost of a decent home in urban America, you can own your own home and business and control your own future!   Place a Bid!