Landmark Commercial Exterior

Available Properties

617 N 2nd Ave

Price: $725,000

Property Details

Address:
617 N 2nd Ave, Dodge City KS 67801
Location:
Southwest corner of 2nd and Spruce St.
Availability:
For Sale
Building Size:
36,016 sq. ft.
Lot Size:
15,625 sq. ft.
Real Estate Tax:
$28,192.04
Year Built:
1930
Property Type:

More Information

Description

- Building Size: 36,016 sq. ft.
1st Floor: 7,058 sq. ft.
Mezzanine: 6,094 sq. ft.
2nd Floor: 5,716 sq. ft.
3rd Floor: 5,716 sq. ft.
4th Floor: 5,716 sq. ft.
5th Floor: 5,710 sq. ft.

- Extra Parking Lot: 10,019 sq. ft. (0.23 acres)

- Zoning: C-1 Commercial Downtown

- Parking: 12 stalls with building, 28 stalls in extra lot

- 2019 Taxes: Building: $26,954 | Lot: $1,238.04

Location Description

Area Neighbors: Pizza Hut, Fidelity State Bank, Dodge City Brewing, Applebee’s, Boot Hill Museum, Casey’s, Boot Hill Distillery and many more!

The area of Dodge City and Ford County, Kansas have made huge investments in the community’s tourism attractions, developing a community rich with cultural and recreational opportunities, having a long history of supplying the right needs for industry from the early cattle drives to today’s agricultural, energy, and manufacturing markets. Ford County currently has two of the world’s largest beef processing facilities, National Beef and Cargill Meat Solutions, and four of the state’s major wind farms. It is also been ranked in the top 10 “Least Economically Stressed Counties” in the United States by the Associated Press and has become a growing center for the energy and tourism industries. Dodge City and Ford County offer businesses a hardworking labor force, high quality of life in the community, and lower costs of living.

This has also allowed us to develop a high quality of life, attracting new businesses and workers. Paired with competitive tax incentives and business assistance programs, Dodge City and Ford County offers new and existing businesses many advantages.

Property Highlights

The property is eligible for local, state, and national historic tax credit programs. The federal program provides an income-tax credit equal to 20 percent of qualified rehabilitation expenditures on income-producing properties. The state program provides a tax credit equal to 25 percent of qualified expenditures on income-producing or non income-producing properties.

Tax credit programs:
https://www.kshs.org/p/tax-credit-basics/14673

The property may qualify for various grant programs administered through the Kansas Historical Society.
Grants programs:
https://www.kshs.org/p/grants/14613

The property would qualify for the Downtown Historical District Ford County Neighborhood Revitalization Program (NRP). This program is designed to give property owners in the designated NRP area the opportunity to receive a 10-year tax rebate on the increased value of the property. The incremental rebate is applied to the additional property taxes that are incurred as a result of rehabilitating or constructing a new commercial property. This property would qualify for 100% rebate for 10 years on the incremental increase in property value.

Gap financing is also available through Dodge City’s E-Community program.

Main Street Dodge City has a Downtown Revitalization Improvement Program that is open to Main Street members.

You can also find more information on the Dodge City/Ford County Development Corporation website:
https://www.dodgedev.org/

Main Street Dodge City:
http://www.mainstreetdodgecity.org/

DRIP guidelines:
http://www.mainstreetdodgecity.org/wp-content/uploads/2018/03/Downtown-Revitlization-Improvement-Program.pdf

The property is located within an Opportunity Zone and it would qualify for the Federal Rural Opportunity Zone that
offers investment tax credits.

The property is located in a New Market Tax Credit Zone.

Sales Associate

Scott Harper, MBA, CCIM

Scott Harper, MBA, CCIM
316-262-2442 (office)

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