Hard-Corner Retail
2220 W Central Ave El Dorado, KS 67042
For Sale
Contact for pricing
Two retail buildings on a hard corner with 190' of frontage along W Central Ave and adjacent to QuikTrip.
Property Size3,015 SF
Price / SF$124.38
Days on Market159
Property Features for 2220 W Central Ave
General Information
Standard status
Active
Size
3,015 SF
Property subtype
RETAIL
Listing Agency:
NAI Martens
(316) 650-6555
Listed By:
Troy Farha · License #SP00218666
(316) 650-6555
Source:
Moodyscre
Added: Feb 20
Changed: Jul 28
Last Checked: Jul 28 at 7:47AM
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 NAI Martens
Investment Insights
Based on property information with market context.
This offering includes two separate retail buildings: Building 2222 with 2,400 SF that includes a 736 SF showroom, 1,500 SF storage area, and office/RR, plus a rear overhead door measuring 9' W x 8' H. Building 2220 provides 615 SF of retail space.
The properties sit on a hard corner in a busy retail corridor with 18,400 VPD. The site has one curb-cut on Central Ave and one curb-cut on Haverhill Rd, with approximately 190' of frontage along W Central.
The area is zoned C1, and the site is adjacent to QuikTrip, with other nearby users including Arby’s, Sonic, Freddy’s Frozen Custard & Steakburgers, Two Brothers BBQ, Braum’s, Subway, Long John Silver’s, Hog Wild Pit BBQ, and O’Reilly Auto Parts. The location is just north of Butler Community College.
The properties sit on a hard corner in a busy retail corridor with 18,400 VPD. The site has one curb-cut on Central Ave and one curb-cut on Haverhill Rd, with approximately 190' of frontage along W Central.
The area is zoned C1, and the site is adjacent to QuikTrip, with other nearby users including Arby’s, Sonic, Freddy’s Frozen Custard & Steakburgers, Two Brothers BBQ, Braum’s, Subway, Long John Silver’s, Hog Wild Pit BBQ, and O’Reilly Auto Parts. The location is just north of Butler Community College.
Key Highlights
- Two retail buildings on a hard corner at W Central Ave & Haverhill Rd on a busy corridor with 18,400 VPD
- Building 2222 offers 2,400 SF total space with 736 SF showroom, 1,500 SF storage, and office/RR
- Building 2222 includes a 9' W x 8' H rear overhead door
Financial Insights For 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 | $39.8k | $13.20 |
| − Vacancy | −$2.6k | −$0.86 |
| EGI | $37.2k | $12.34 |
| − OpEx | −$11.2k | −$3.70 |
| NOI | $26.0k | $8.64 |
3,015 SF · lease $13.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$372.1K
$325.6K – $434.1K
NOI $26,048 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$640.1K
$560.1K – $746.8K
NOI $44,805 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Two retail buildings on a hard corner with 190' of frontage along W Central Ave and adjacent to QuikTrip.
Where is this storefront property located?
The property is located at 2220 W Central Ave El Dorado, KS.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two retail buildings on a hard corner at W Central Ave & Haverhill Rd on a busy corridor with 18,400 VPD; Building 2222 offers 2,400 SF total space with 736 SF showroom, 1,500 SF storage, and office/RR; Building 2222 includes a 9' W x 8' H rear overhead door
