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    502 Washington St Wichita, KS 67214

    For Sale
    Contact for pricing

    Rare Old Town location, expandable site, 21,081 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial land offering presents a unique opportunity in Wichita, Kansas. Situated on a rare corner lot near the vibrant Old Town district, this 21,081 square foot parcel is zoned for Limited Industrial use, providing significant flexibility for development. The site's prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The property's potential is further enhanced by the possibility of expansion. The legal description encompasses two lots: the West half of Lot 1, excluding a 7-foot alley and a 20x20 foot area for a previously existing right-of-way in Pearce & Van Tilburgh's Addition

    Property Features for 502 Washington St

    General Information

    Property type
    Land

    HighLights

    • Rare corner lot near Wichita's Old Town district.
    • Expansion potential.
    • 21,081 square foot lot zoned for Limited Industrial use.
    • Legal description: West half of Lot 1, excluding a 7‑foot alley and a 20x20 foot right‑of‑way; and South 28 feet of West half of Lot 3, Pearce & Van Tilburgh's Addition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3260582
    Latitude
    37.693781

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    FAQs

    What type of property is this?
    Land - Rare Old Town location, expandable site, 21,081 sq ft.
    Where is this land located?
    The property is located at 502 Washington St Wichita, KS.
    What are key features of this property?
    This property features: Rare corner lot near Wichita's Old Town district.; Expansion potential.; 21,081 square foot lot zoned for Limited Industrial use.
    (316) 618-1100
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    502 Washington St Wichita, KS 67214
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    Wichita, KS 67214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    502 Washington St Wichita, KS 67214
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