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    5900 Central Ave Wichita, KS 67208

    For Sale
    $800,000

    High-yield, multi-tenant retail property.

    Property size:
    7,945 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 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

    HighLights

    • 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.
    • Surrounding area redevelopment projects signal significant future value appreciation.
    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 ... Italian Restaurant Sedgba Co Marketing Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair 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
    -97.267835238354
    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.
    Request Owner's contact information
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    Wichita, KS 67208
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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
    5900 Central Ave Wichita, KS 67208
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