401-407 Waco Ave Wichita, KS 67202
- Office Properties & Spaces
- 4,000 SF
- 0.48 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 401-407 Waco Ave
- Year built
- 2008
- Lot size
- 0.48 lot acres
- Property size
- 4,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional 4,000 square foot office building, constructed in 2008, is situated on a 0.48-acre lot in Wichita's Central Business District (CBD), offering convenient access to US 54 Highway. The property boasts a diverse zoning designation (CBD) and includes convenient on-site parking. Currently, a portion of the building (1,000 square feet) is leased to Brightstar Care, providing immediate income for an owner-occupier. The building's versatile design accommodates various office uses, including executive, medical, and traditional office spaces. The asking price is $800,000. 2023 property taxes totaled $18,022.03 ($18,014.92 general taxes and $7.11 special taxes). This presents a compelling investment opportunity for those seeking a centrally located property with existing income and significant upside potential. The building's adaptable layout and prime location make it an ideal choice for owner-users or investors seeking a strong return on investment in the thriving Wichita market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.3425
- Latitude
- 37.6917
