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    1940 Oliver St Wichita, KS 67218

    For Sale
    $2,000,000

    Prime Commercial Space, Huge Potential

    Property size:
    22,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 22,400 square foot property, located at 1940 Oliver in Wichita, Kansas (zip code 67218), presents a unique investment opportunity. Originally built in 1969, this building has served as a thriving pool hall since 1990, boasting over 30 pool tables and various other games. The property is zoned for limited commercial use and offers a single unit priced at $2,000,000, translating to $89.29 per square foot. The building features a convenient loading dock at the rear, complemented by an exterior double door for easy access. A partial kitchen is included, equipped with wash sinks, a refrigerator, and a six-foot refrigerated prep table. Ample parking is available, having undergone resurfacing in 2019. This substantial space, situated in Sedgwick County, presents a blank canvas for a variety of commercial ventures, capitalizing on its existing infrastructure and prime location. The property's history as a popular entertainment venue provides a strong foundation for future success. Serious inquiries are encouraged.

    Property Features for 1940 Oliver St

    General Information

    Property type
    Specialty properties
    Square Feet
    22,400 SF

    Building Details

    Year Built
    1969
    Units
    1

    HighLights

    • 22,400 SF building located at 1940 Oliver, Wichita, KS 67218.
    • $2,000,000 asking price ($89.29/SF).
    • Limited commercial zoning.
    • Features a loading dock and double exterior doors.
    • Includes a partial kitchen with prep area.
    • Ample parking (resurfaced 2019).
    Property Profile Location Intelligence

    Current Use by Public Records

    Coin Machine Distributors Vending Machine Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2798277
    Latitude
    37.6579205

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    FAQs

    What type of property is this?
    Specialty property - Prime Commercial Space, Huge Potential
    Where is this specialty property located?
    The property is located at 1940 Oliver St Wichita, KS.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 22,400 SF building located at 1940 Oliver, Wichita, KS 67218.; $2,000,000 asking price ($89.29/SF).; Limited commercial zoning.
    (316) 292-3942
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    1940 Oliver St Wichita, KS 67218
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    Wichita, KS 67218
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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
    1940 Oliver St Wichita, KS 67218
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