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    32 32Nd St Wichita, KS 67226

    For Sale
    $589,896

    73,737 sq ft lot, $8/SF, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 73,737 square foot commercial land parcel presents a remarkable investment opportunity in Northeast Wichita, Kansas. Located at the prominent intersection of 32nd & Penstemon, this property boasts unparalleled visibility and convenient access to a wealth of amenities. Zoned for General Commercial use, the possibilities are vast, encompassing office space, corporate headquarters, medical facilities, retail establishments, or service-oriented businesses. The asking price is $589,896, translating to a competitive $8 per square foot land value. Its strategic corner lot position ensures maximum exposure, while its proximity to numerous restaurants, banks, and other essential services enhances its appeal. Furthermore, the property benefits from excellent visibility from K-96 and its close proximity to Jabara Airport, providing exceptional accessibility for employees and clients alike. This prime location in Sedgwick County, Kansas (zip code 67226) offers a unique blend of high visibility, convenient access, and diverse development potential, making it an ideal choice for discerning investors and developers seeking a strategic foothold in a thriving market. The latitude and longitude coordinates are 37.7428172, -97.2418543 respectively.

    Property Features for 32 32Nd St

    General Information

    Property type
    Land

    HighLights

    • 73,737 SF commercial land parcel in Northeast Wichita, KS, at 32nd & Penstemon.
    • General Commercial zoning allows for office, medical, retail, or service uses.
    • Corner lot with high visibility from K‑96 and proximity to Jabara Airport.
    • Convenient access to restaurants, banks, and other services.
    • Asking price: $589,896 ($8/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2418543
    Latitude
    37.7428172

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    FAQs

    What type of property is this?
    Land - 73,737 sq ft lot, $8/SF, high visibility.
    Where is this land located?
    The property is located at 32 32Nd St Wichita, KS.
    What is the asking price?
    The asking price for this property is $589,896.
    What are key features of this property?
    This property features: 73,737 SF commercial land parcel in Northeast Wichita, KS, at 32nd & Penstemon.; General Commercial zoning allows for office, medical, retail, or service uses.; Corner lot with high visibility from K-96 and proximity to Jabara Airport.
    (316) 618-1100
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    32 32Nd St Wichita, KS 67226
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    Wichita, KS 67226
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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
    32 32Nd St Wichita, KS 67226
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