20005 W US Highway 54 - Restaurant FOR SALE


Pratt, KS 67124
$350,000 USD
620-770-2381
20005 W US Highway 54, Pratt, KS for Sale
$350,000 USD
Restaurant - FOR SALE
1/3
null | 7.14% Cap Rate

20005 W US Highway 54
Pratt, KS 67124


HIGHLIGHTS

  • Established restaurant property offered with real estate and business assets.
  • Sale includes furniture, kitchen equipment, shelving, and operational inventory.
  • Approximately 1.50-acre commercial site with on-site parking.
  • Frontage along US Highway 54 provides regional accessibility.
  • Includes a detached two-car garage for storage or support functions.
  • Owner plans to assist with a smooth business transition.

OVERVIEW

Located along US Highway 54 in Pratt, Kansas, this restaurant property presents an opportunity to acquire both a commercial real estate asset and an established operating business. Known locally as Rick’s, the property has served the community for many years and offers a turnkey transition for an owner-operator, investor, or hospitality entrepreneur seeking an existing restaurant location with operational infrastructure already in place. The offering includes the real estate as well as restaurant furniture, kitchen equipment, shelving, cups, silverware, and other business-related personal property that supports continued operation. The current owner intends to keep the business operating until a purchaser is secured and is willing to assist with the transition process, helping maintain continuity for employees, customers, and daily operations. Situated on approximately 1.50 acres, the property provides on-site parking and benefits from frontage along a well-traveled regional highway corridor. In addition to the restaurant building, the site includes a 24' x 30' two-car garage that can support storage, maintenance, or operational needs. Utility services available to the property include electric power, water, gas/propane, telephone, and cable. This offering combines an established local business presence with tangible real estate assets, providing flexibility for buyers seeking to continue the existing concept or evaluate alternative commercial uses permitted within the property's commercial and industrial zoning designation. The inclusion of operational equipment and furnishings supports a streamlined ownership transition while preserving the property's longstanding role within the Pratt community.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

7.14%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rick's Resturant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,566 SF

ZONING

C

APN/PARCEL ID

133-05-0-00-04-006.00-0

ASK ABOUT THIS PROPERTY

Kevin HammHamm Auction & Real Estate LLCMore Info
620-770-2381

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Kevin HammHamm Auction & Real Estate LLCMore Info
620-770-2381

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.