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    5300 Broadway Ave Wichita, KS 67216

    For Sale
    $99,000

    Wichita, KS development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.8-acre commercial land parcel, located in Sedgwick County, Kansas, presents a prime development opportunity. Situated on South Broadway Avenue in Wichita, KS, zip code 67216, the property boasts approximately 270 feet of frontage along Broadway. The lot measures approximately 270 feet by 291 feet, totaling over 79,253 square feet. It's zoned General Commercial (GC) and utilities are available. The property is conveniently located about half a mile south of the strongest retail area in south Wichita – the intersection of 47th Street South and Broadway. Estimated 2023 general taxes are $14,289.24, with special taxes at $4.73. This vacant land offers significant potential for various commercial ventures, making it an attractive investment for developers and entrepreneurs seeking a strategic location in a thriving Wichita market. The asking price for this exceptional opportunity is $99,000.

    Property Features for 5300 Broadway Ave

    General Information

    Property type
    Land
    Lot Size
    78,408 SF

    HighLights

    • 1.8+ acre commercial lot (79,253+ sq ft) in Wichita, KS.
    • 270' x 291' lot with 270'+ frontage on South Broadway Avenue.
    • General Commercial zoning with available utilities.
    • Estimated 2023 property taxes: $14,289.24 (general) + $4.73 (special).
    • Located ~0.5 miles south of a major retail intersection in south Wichita.
    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 Auto Repair Shop Hair Salon 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
    -97.334037041301
    Latitude
    37.598793293255

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    FAQs

    What type of property is this?
    Land - Wichita, KS development opportunity.
    Where is this land located?
    The property is located at 5300 Broadway Ave Wichita, KS.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: 1.8+ acre commercial lot (79,253+ sq ft) in Wichita, KS.; 270' x 291' lot with 270'+ frontage on South Broadway Avenue.; General Commercial zoning with available utilities.
    (316) 262-6400
    Request Owner's contact information
    5300 Broadway Ave 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
    5300 Broadway Ave Wichita, KS 67216
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