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Property profile

431 Waco Ave Wichita, KS 67202

OFF-MARKET
Day care centers
2,754 SF Built 1942
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Property summary

AI-generated overview

This exceptional 2,754-square-foot commercial property, located at 431 N Waco Ave in Wichita, Kansas (zip code 67202), presents a unique investment opportunity. Situated in Sedgwick County's Central Business District, this single-tenant building boasts a spacious 22,767-square-foot lot and is zoned for both office and childcare uses. Originally constructed in 1942, the property underwent a complete renovation in 2022, including the installation of new HVAC units and a 20-year roof coating. The building successfully passed all Kansas state childcare inspections in 2023, making it immediately ready for occupancy. Its convenient downtown location near Central & Waco streets offers excellent visibility and accessibility. The property is available for sale at $350,000. Annual property taxes are $6,069. This turnkey solution is perfect for entrepreneurs seeking a well-maintained space in a thriving urban area. The building's functionality and recent upgrades minimize upfront capital expenditures, allowing for a swift and efficient transition into operations. This is an ideal opportunity for investors or operators looking to capitalize on the growing demand for childcare or office space in downtown Wichita.

Property profile

Verified
Property type Day care centers
Year built 1942
Total area 2,754 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center

Location

431 Waco Ave Wichita, KS 67202
Wichita metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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