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    2301 Mount Vernon St Wichita, KS 67211

    For Lease
    $10 SF/Yr ($2,000 /Mo)

    Free-standing bar, fully equipped, high occupancy.

    Lot size:
    2,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,280 square foot free-standing retail property, located at 2301 E. Mt. Vernon St. in Wichita, Kansas, presents a unique investment opportunity. The building, constructed in 1970, sits on an 11,286 square foot lot and is classified as Class B. Zoned LC, it offers a single tenancy configuration ideal for a variety of uses. Previously operating as a bar, the property includes valuable existing bar equipment, tables, and chairs, all included in the sale. The kitchen boasts a 4' hood and walk-in coolers, ready for immediate use. An outdoor designated smoking area adds further appeal. With a maximum occupancy of 90 persons, this property offers significant potential for a thriving business. Located in Sedgwick County, Kansas, with easy access to major roadways and a vibrant neighborhood, this property is ready for its next chapter. The single-story building provides ample space and functionality. This is a rare opportunity to acquire a fully equipped, established commercial space with significant upside potential.

    Property Features for 2301 Mount Vernon St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,280 SF
    Class
    B
    Total Rate
    2000.7

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,280 SF
    Rate per SF
    $10

    HighLights

    • Sale Price: $250,000
    • Lease Rate: $2,000/SF (Gross)
    • Building Size: 2,280 SF
    • Lot Size: 11,286 SF
    • Year Built: 1970
    • Zoning: LC
    Property Profile Location Intelligence

    Current Use by Public Records

    Snoops Night Club

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.309205510603
    Latitude
    37.65719049421

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    FAQs

    What type of property is this?
    Individual retail property - Free-standing bar, fully equipped, high occupancy.
    Where is this individual retail property located?
    The property is located at 2301 Mount Vernon St Wichita, KS.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Sale Price: $250,000; Lease Rate: $2,000/SF (Gross); Building Size: 2,280 SF
    Request Owner's contact information
    2301 Mount Vernon St Wichita, KS 67211
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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
    2301 Mount Vernon St Wichita, KS 67211
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