5900 Central Ave Wichita, KS 67208
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High-yield, multi-tenant retail property.
Property size:
7,945 SFProperty Features for 5900 Central Ave
General Information
- Property type
- Lifestyle centers
- Square Feet
- 7,945 SF
- Class
- B
- Lot Size
- 31,363 SF
Building Details
- Year Built/Renovated
- 1968/2020
- Buildings
- 1
- Stories
- 2
- Units
- 3
Listing Agency: Petra LLC Listing Agent: Brett Gehrer
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a stabilized, multi-tenant retail property located at 5900 E Central Ave, Wichita, KS 67208. The 7,945 square foot building, constructed in 1968 and renovated in 2020, sits on a 0.72-acre lot and boasts 38 parking spaces. Currently operating at 100% occupancy with three tenants under NNN leases, this Class B property offers a compelling 6.80% cap rate and a price per square foot of $100.69. The asking price is $800,000. Situated in a well-established retail corridor in Northeast Wichita, this property benefits from high traffic volume exceeding 20,000 vehicles daily. The LC zoning permits a variety of uses. Financial reports are available upon request with a signed Non-Disclosure Agreement. The two-story building provides a strong foundation for continued growth and potential rental rate increases, offering significant upside potential. Multiple reinvestment projects in the area further indicate substantial future value appreciation. This is a prime asset for any real estate portfolio seeking stable income and long-term growth. The property is offered for sale by owner.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Jacquelyn Locke
Marriage Or Relationship Counselor
Rachel Ukens
Marriage Or Relationship Counselor
Angelo's Italian Restaurant ...
Restaurant
Sedgba Co
Advertising Agency
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.267835238354
- Latitude
- 37.693913021578
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FAQs
What type of property is this?
Lifestyle center - High-yield, multi-tenant retail property.
Where is this lifestyle center located?
The property is located at 5900 Central Ave Wichita, KS.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Excellent location in established Northeast Wichita retail corridor.; High traffic count: 20,000+ vehicles daily on E. Central Ave.; Attractive purchase price of $97.55/SF offers strong rental growth potential.
