Freestanding Retail Building and
2032 S Broadway Wichita, KS 67211
2032 S Broadway, Wichita, KS, 67211
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For Sale
Contact for pricing
Freestanding 1,680 SF building on a fully paved, fenced lot with 15 parking spaces and dual access points.
Property Size1,680 SF
Lot Size0.35 Acres
Price / SF$139.88
Days on Market105
Property Features for 2032 S Broadway
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Lot size
- 0.35 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agency
Lange Real Estate
(164) 940-0203
Listed by
Daniel Sanchez · License #00249356
Source
Crexi
Added: Apr 9 Updated: Jul 21 at 3:56AM Checked: Jul 21 at 3:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lange Real Estate
Investment Insights
Based on property information with market context.
This freestanding commercial building offers a functional interior layout and an adaptable site. The property includes a fully paved, fenced lot with 15 parking stalls and dual access points, supporting a variety of outdoor-use and retail/service concepts. Recent improvements include a new roof in 2023, updated HVAC, upgraded lighting, and a freshly painted exterior.
Located along South Broadway near the Pawnee & Broadway intersection, the site provides strong visibility and is just minutes from downtown Wichita and Kellogg.
The exterior configuration and existing walk-in cooler capability can support restaurant use, including a drive-thru concept, while the overall setup also fits car lot or similar outdoor-focused operations.
Located along South Broadway near the Pawnee & Broadway intersection, the site provides strong visibility and is just minutes from downtown Wichita and Kellogg.
The exterior configuration and existing walk-in cooler capability can support restaurant use, including a drive-thru concept, while the overall setup also fits car lot or similar outdoor-focused operations.
Key Highlights
- 1,680 SF freestanding building on a 0.35‑acre +/- fully paved and fenced lot with 15 parking stalls
- Dual access points and strong visibility near the Pawnee & Broadway intersection in Wichita, minutes from downtown and Kellogg
- New roof in 2023 plus updated HVAC and upgraded lighting
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.6k | $17.04 |
| − Vacancy | −$2.0k | −$1.19 |
| EGI | $26.6k | $15.85 |
| − OpEx | −$6.7k | −$3.96 |
| NOI | $20.0k | $11.89 |
1,680 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$285.2K
$249.6K – $332.8K
NOI $19,967 @ 7.0% cap · market cap 8.50%
Second Best
Retail
$245.3K
$214.7K – $286.2K
NOI $17,174 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$416.0K
$364.0K – $485.3K
NOI $29,118 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding 1,680 SF building on a fully paved, fenced lot with 15 parking spaces and dual access points.
Where is this retail space located?
The property is located at 2032 S Broadway Wichita, KS.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,680 SF freestanding building on a 0.35‑acre +/- fully paved and fenced lot with 15 parking stalls; Dual access points and strong visibility near the Pawnee & Broadway intersection in Wichita, minutes from downtown and Kellogg; New roof in 2023 plus updated HVAC and upgraded lighting
