Listed By:
KW Diamond Partners
Address
102 Ohio Street W, Butler, MO
Price
$ 1,800,000
Property Attributes
  • MLS#2459451
  • TypeBusiness Op
  • CountyBATES
  • CityButler
  • Area230 - Bates County - Mo
  • NeighborhoodButler
  • Zip64730
  • StyleBusiness Opportunity
  • Year Built1906
  • Taxes$ 7552
  • Price$ 1,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,000 SqFt
Data Source:
Heartland MLS (HMLS)
Property Description

OPPORTUNITIES ABOUND! Here is your opportunity to own the one and only Pennell Hotel/Restaurant. Don't be fooled, this beautiful building offers so much more. Let your personal business sense guide you in how to make this remarkably maintained building your own investment mecca, whether you bring it back to a restaurant/bar or turn it into a grand venue for weddings, meetings, etc. Current monthly income is being brought in by a business renter on the main floor, with plenty of room for additional renters. The second floor features 9 hotel rooms available and rentable. These hotel rooms are rented by traveling nurses, construction workers, hunters and many others traveling throughout the area and offer "at home" amenities including living room, full kitchen and bedroom. Although the restaurant was last operated in 2022, the kitchen is still fully intact and ready for your culinary perfection. The old "speakeasy" bar is still ready to serve the perfect cocktail to dinner guests. The original ceramic floors and grand staircase greet the clients as they enter the front door. The third floor may need some love but this area is perfect for office space, a second venue, or anything else your business sense can create. Grants are available to help with repairs should you wish to have this building declared a National Historic Preservation site. So much history is still visible within the walls of this glorious building. Bring your ideas and let this property be your next investment dream. ****An additional parking space and building is available for sale Northwest of the building.***

Price History
10/18/2023 Listed $1,800,000

General Features

Interior Features Passenger Elevator
Utilities Gas to Site,Sanitary Sewer,Water/Sewer
Possession Funding
Zoning Yes
Year Built 1906
Property SubType Business Opportunity
Current Use Bar/Tavern/Lounge,Hotel/Motel,Business
Business Type Bar/Tavern/Lounge,Other
County Bates
Property Type Business Opportunity
Subdivision Name Butler
Status Active
Directions I49 to the Butler to HWY 52 exit. Go East to Delaware St,Turn left. Go to Ohio Street and property is located on the Northwesst corner of Ohio St and Delaware.
City Butler
MLS Area 230 - Bates County,Mo
Lot Size Square Feet 10000
Street Name Ohio
Listing Terms Cash,Conventional
Public Remarks OPPORTUNITIES ABOUND! Here is your opportunity to own the one and only Pennell Hotel/Restaurant. Don't be fooled,this beautiful building offers so much more. Let your personal business sense guide
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN No

Interior Features

Total Stories 3
Street Suffix Street

Exterior Features

Parking Features On Street
Lot Size Area 10000
Road Surface Type Asphalt
Lot Size Units Square Feet
Road Frontage Type City Street
Road Responsibility Public Maintenance
Location Features Business District,Free Standing

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Business Op Average in 64730

Price
AVG $570K
$1.8M
Taxes
AVG $3,763
$7,552
Visits
AVG 65
148
Data Provided by Inside Real Estate®
Year Built
AVG 1934
1906
Walkscore
AVG 47
44
Data Provided by Walkscore® not using MLS data

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