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    638 33Rd St Wichita, KS 67204

    Sponsored
    For Sale
    Contact for pricing

    Prime Wichita Shopping Center - Vacant, 26,000 SF

    Property size:
    25,997 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a vacant 25,997 square foot shopping center ideally situated in North Wichita, Kansas at 638 W 33rd St N, zip code 67204. The property, known as North Gate Center, sits on a generous 2.04-acre lot and boasts a gross lease structure, making it an attractive proposition for prospective tenants. Built in 1962, the building is zoned for Limited Commercial use, offering flexibility for a variety of retail businesses. The multi-tenant configuration allows for customization to suit diverse business needs, with various suite sizes available. Currently vacant, this presents a blank canvas for a new owner or tenant to establish a thriving retail presence in a well-established neighborhood. The property's location in Sedgwick County provides excellent access to a substantial customer base within the Wichita metropolitan area. This is a rare chance to acquire a sizable retail space in a desirable location with significant potential for growth and return on investment. The property's size and location make it an ideal candidate for redevelopment or repositioning to meet current market demands. Serious inquiries are encouraged.

    Property Features for 638 33Rd St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    25,997 SF
    Lot Size
    88,862 SF

    Building Details

    Year Built
    1962
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.344149166047
    Latitude
    37.744913867026

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Wichita Shopping Center - Vacant, 26,000 SF
    Where is this lifestyle center located?
    The property is located at 638 33Rd St Wichita, KS.
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    638 33Rd St Wichita, KS 67204
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    Wichita, KS 67204
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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
    638 33Rd St Wichita, KS 67204
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