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    5535 Broadway St Wichita, KS 67216

    For Sale
    $1,106,859

    Prime Wichita location, high traffic, flexible zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land parcel, located at 5535 S. Broadway in Wichita, Kansas (zip code 67216), presents a unique investment opportunity. The property boasts a sizable lot ranging from 82,764 to 203,425 square feet, zoned for General Commercial use. This allows for a wide array of development possibilities, including but not limited to multi-family residential, church, daycare center, car wash, retail space, office building, vehicle repair shop, mini-storage facility, warehouse, manufacturing plant, or outdoor storage area. The property benefits from excellent highway access, with close proximity to I-135 and I-35, ensuring high visibility and convenient access for customers and employees. Daily traffic counts on Broadway average 19,311 vehicles, providing significant potential for attracting customers. The seller is open to considering build-to-suit options, offering flexibility for potential buyers. The location is surrounded by established businesses, including Walgreens, QuikTrip, Jiffy Lube, AutoZone, Goodwill, Dillon's, Emprise Bank, McDonald's, and Applebee's, creating a thriving commercial environment. This prime location and versatile zoning make this property an ideal investment for developers seeking a high-traffic, well-situated site in a rapidly growing area of Wichita, Sedgwick County. The asking price for this exceptional opportunity is $1,106,859.

    Property Features for 5535 Broadway St

    General Information

    Property type
    Land

    HighLights

    • High‑traffic location with 19,311 vehicles per day on Broadway.
    • Build‑to‑suit options available.
    • Excellent access to I‑135 and I‑35.
    • Permitted uses include multi‑family, church, daycare, car wash, retail, office, vehicle repair, mini‑storage, warehouse, manufacturing, and outdoor storage.
    • Strong tenant mix nearby, including Walgreens, QuikTrip, Jiffy Lube, AutoZone, Goodwill, Dillon's, Emprise Bank, McDonald's, and Applebee's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3348237
    Latitude
    37.5944364

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    FAQs

    What type of property is this?
    Land - Prime Wichita location, high traffic, flexible zoning.
    Where is this land located?
    The property is located at 5535 Broadway St Wichita, KS.
    What is the asking price?
    The asking price for this property is $1,106,859.
    What are key features of this property?
    This property features: High-traffic location with 19,311 vehicles per day on Broadway.; Build-to-suit options available.; Excellent access to I-135 and I-35.
    (316) 262-2442
    Request Owner's contact information
    5535 Broadway St 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
    5535 Broadway St Wichita, KS 67216
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