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    1101 Central Ave Wichita, KS 67214

    Sponsored
    For Sale
    $595,000

    6,930 SF Flex Space, Owner/User Opportunity

    Property size:
    6,930 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,930 square foot flex building, situated on a 12,914 square foot lot in Wichita, Kansas, presents a unique owner-user opportunity. Built in 1965, this single-story structure boasts a highly visible hard corner location at 1101 E Central Ave, 67214, within Sedgwick County. The property is zoned for limited commercial use and offers multiple layout options, making it adaptable to a variety of businesses. The building features 12-foot overhead doors and includes an adjacent fenced lot, providing ample space for storage or outdoor operations. The space is currently divided into two leasable suites: Suite 1 (2,128 SF) with a monthly rent of $1,000 and Suite 2 (4,802 SF) with a monthly rent of $4,500. Both suites can be leased separately or together for a combined rent of $5,500 per month under a modified gross lease. The property is available for occupancy on October 30, 2024, and is offered at an asking price of $595,000. Its prime location ensures high visibility and accessibility, making it an ideal investment for businesses seeking a versatile and strategically located space.

    Property Features for 1101 Central Ave

    General Information

    Property type
    Flex space
    Square Feet
    6,930 SF

    Building Details

    Year Built
    1965
    Stories
    1

    HighLights

    • Highly visible hard corner location.
    • Two suites available, separately or combined: Suite 1 (2,128 SF, $1,000/month) and Suite 2 (4,802 SF, $4,500/month). Combined space totals 6,930 SF for $5,500/month.
    • Modified gross lease.
    • Multiple layout options available.
    • 12‑foot overhead doors.
    • Includes adjacent fenced lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Desert Steel Artist

    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
    -97.325159
    Latitude
    37.6927814

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    FAQs

    What type of property is this?
    Flex space - 6,930 SF Flex Space, Owner/User Opportunity
    Where is this flex space located?
    The property is located at 1101 Central Ave Wichita, KS.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Highly visible hard corner location.; Two suites available, separately or combined: Suite 1 (2,128 SF, $1,000/month) and Suite 2 (4,802 SF, $4,500/month). Combined space totals 6,930 SF for $5,500/month.; Modified gross lease.
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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
    1101 Central Ave Wichita, KS 67214
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