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    368 Towne East Mall Dr Wichita, KS 67207

    For Lease
    Contact for pricing

    71,899 SF Lot, Excellent Visibility

    Lot size:
    71,874 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 71,899 square foot commercial land parcel presents a unique investment opportunity in Wichita, Kansas. Located at 368 S Towne East Mall Dr, this single-tenant site is zoned for Limited Commercial use and boasts unparalleled visibility. Situated in Sedgwick County, the property benefits from high traffic counts, with 30,250 vehicles per day on Rock Road and an impressive 67,770 vehicles per day on East Kellogg/US-54. The property's strategic location within the thriving Towne East Square area places it in close proximity to major retailers and restaurants, including SCHEELS, At Home, Red Lobster, Bubba's 33, LongHorn Steakhouse, BJ's Restaurant & Brewhouse, Club Car Wash, and Aldi. Signage opportunities are abundant, with a 55-foot shared pylon sign on Kellogg and a 30-foot pylon sign available on-site. The 2-acre lot offers significant potential for development, catering to a variety of commercial uses. 2022 property taxes totaled $10,711.24. This prime location and high traffic volume make this an ideal site for businesses seeking maximum exposure and accessibility. The property is available for lease or build-to-suit options. Contact us today to learn more about this exceptional opportunity.

    Property Features for 368 Towne East Mall Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    71,874 SF

    Unit(s) available at that property

    Space
    Size
    71,874 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.249778
    Latitude
    37.681711

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    FAQs

    What type of property is this?
    Land - 71,899 SF Lot, Excellent Visibility
    Where is this land located?
    The property is located at 368 Towne East Mall Dr Wichita, KS.
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    Wichita, KS 67207
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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
    368 Towne East Mall Dr Wichita, KS 67207
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