749 N West St Wichita, KS 67203

Building Details

Year Built

1967

Listing agency ReeceNichols South Central Kansas Show Phone

Listed by Jake Steven · License #KS

Source Crexi

Added: Jul 9, 2022 Updated: Jul 6 at 8:31AM Checked: Jul 20 at 6:28AM

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Investment Insights

Based on property information with market context.

This commercial property, constructed in 1967, is located in West Wichita and features a building size of approximately 15,108 square feet situated on a lot of approximately 1.32 acres. Zoned Limited Commercial, the property contains 8 rentable suites. The suites are primarily occupied by month-to-month tenants under gross leases, presenting an opportunity for a new owner to increase rents with longer-term leases. The location and suite sizes have historically supported high occupancy rates. One suite is currently available, previously used by the owner. The annual gross potential income is $99,300.00. The property benefits from high traffic and frontage, high visibility, and ample parking.

Key Highlights

• High Traffic Area & Frontage with High Visibility
• Annual Gross Potential Income of $99,300.00
• Comprised of 8 Rentable Suites in a Well Sought Out Area

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FAQs

What type of property is this?

Strip mall - Retail investment property in high-traffic area with high visibility.

Where is this strip mall located?

The property is located at 749 N West St Wichita, KS.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: High Traffic Area & Frontage with High Visibility; Annual Gross Potential Income of $99,300.00; Comprised of 8 Rentable Suites in a Well Sought Out Area