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    5600 Broadway St Wichita, KS 67216

    For Sale
    $500,000

    High-potential 1.89-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 82,328 square foot commercial land parcel presents a unique investment opportunity in Wichita, Kansas. Strategically located at 5600 S Broadway, in Sedgwick County, zip code 67216 (37.5931422, -97.3336837), this 1.89-acre site boasts excellent development potential. The property is situated south of the highly trafficked intersection of 55th and Broadway, surrounded by established businesses including QuikTrip, Walgreens, and Jiffy Lube, ensuring high visibility and accessibility. Currently improved with four buildings, the property offers existing income potential

    Property Features for 5600 Broadway St

    General Information

    Property type
    Land

    HighLights

    • High‑yield corner lot with existing income stream.
    • Four existing buildings on‑site.
    • Financial statements available with NDA.
    • General Commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Supertech Automotive Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3336837
    Latitude
    37.5931422

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    FAQs

    What type of property is this?
    Land - High-potential 1.89-acre commercial lot.
    Where is this land located?
    The property is located at 5600 Broadway St Wichita, KS.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: High-yield corner lot with existing income stream.; Four existing buildings on-site.; Financial statements available with NDA.
    (316) 847-4908
    Request Owner's contact information
    5600 Broadway St Wichita, KS 67216
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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
    5600 Broadway St Wichita, KS 67216
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