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    5255 Broadway St Wichita, KS 67216

    Sponsored
    For Sale
    $403,801

    Prime Commercial Land, Two Parcels Available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial development opportunity presents two contiguous parcels totaling 2.06 acres in Wichita, Kansas. Located at 5255 S. Broadway, Sedgwick County, zip code 67216, this property is zoned for General Commercial use, offering significant flexibility for a variety of projects. The land is ideally suited for development projects requiring ample space, such as parking garages or other commercial ventures. The property is divided into two distinct lots: Lot 1 encompasses 1.01 acres, and Lot 2 comprises 1.05 acres. This allows for flexibility in development plans, potentially accommodating separate projects or a single, larger-scale development. The asking price for the entire 2.06-acre property is $403,801, representing a price per square foot of $4.50. This presents a compelling investment opportunity in a thriving Wichita location. The property's strategic location on S. Broadway offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. Serious inquiries are encouraged to explore the potential of this significant development opportunity. Coordinates are 37.600094 latitude and -97.334763 longitude.

    Property Features for 5255 Broadway St

    General Information

    Property type
    Automotive properties
    Lot Size
    43,996 SF

    HighLights

    • 2.06‑acre commercial lot in Wichita, KS.
    • 1.01‑acre Lot 1.
    • 1.05‑acre Lot 2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lot a lizards & howes Adult Entertainment Club

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Kitchen & Bath Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.334763
    Latitude
    37.600094

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    FAQs

    What type of property is this?
    Automotive property - Prime Commercial Land, Two Parcels Available.
    Where is this automotive property located?
    The property is located at 5255 Broadway St Wichita, KS.
    What is the asking price?
    The asking price for this property is $403,801.
    What are key features of this property?
    This property features: 2.06-acre commercial lot in Wichita, KS.; 1.01-acre Lot 1.; 1.05-acre Lot 2.
    Request Owner's contact information
    5255 Broadway St Wichita, KS 67216
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    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
    5255 Broadway St Wichita, KS 67216
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