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    1001 Central Ave Wichita, KS 67214

    Sponsored
    For Lease
    $5 SF/Yr ($3,257 /Mo)

    Prime Wichita flex space, 6,930 sq ft, $595,000

    Lot size:
    6,930 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 6,930 square foot flex building situated on a sizable 12,914 square foot lot at 1001 E Central Ave, Wichita, Kansas 67214. The property, zoned for Limited Commercial use, boasts a versatile layout suitable for a variety of retail, office, and industrial uses. Built in 1965, this single-story building offers significant potential for redevelopment or continued operation as a multi-tenant property. Its convenient location at the intersection of Central and Washington Avenues provides excellent visibility and accessibility. The asking price is $595,000, representing a compelling entry point into the Wichita commercial real estate market. The property's substantial lot size offers ample room for expansion, parking, or outdoor storage. This is an ideal opportunity for investors seeking a well-located, adaptable property with strong potential for future growth and return. The property's existing infrastructure and zoning provide a solid foundation for a range of business ventures. Serious inquiries are encouraged to explore the possibilities of this unique investment. The property is located in Wichita, Kansas and has a Limited Commercial zoning designation.

    Property Features for 1001 Central Ave

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,930 SF
    Total Rate
    3257.1

    Building Details

    Year Built
    1965
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 2
    Size
    4,802 SF
    Rate per SF
    $11
    Space
    Suite 1
    Size
    2,128 SF
    Rate per SF
    $5

    HighLights

    • $595,000 purchase price.
    • Suite 1 available for lease: 2,128 square feet at $1,000/month.
    • Combined space of 6,930 square feet available for lease at $5,500/month.
    • Flexible floor plan options available.
    • Features 12‑foot overhead doors.
    • Includes adjacent fenced lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wichita Lawn Company ... Lawn Care Service

    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
    -97.3260803
    Latitude
    37.693221

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    FAQs

    What type of property is this?
    Flex space - Prime Wichita flex space, 6,930 sq ft, $595,000
    Where is this flex space located?
    The property is located at 1001 Central Ave Wichita, KS.
    What is the lease rate?
    The lease rate is $5-$11 SF/Yr.
    What are key features of this property?
    This property features: $595,000 purchase price.; Suite 1 available for lease: 2,128 square feet at $1,000/month.; Combined space of 6,930 square feet available for lease at $5,500/month.
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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
    1001 Central Ave Wichita, KS 67214
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