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    Land

    21st And Webb Rd, Wichita, KS 67206

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    Property summary
    AI-generated overview

    This exceptional 50,941 square foot commercial land parcel presents a unique investment opportunity in Northeast Wichita, Kansas. Strategically located at the intersection of 21st and Webb Road, this property boasts a highly desirable location with exceptional visibility and accessibility. Zoned for limited commercial use, the site is ideally suited for a variety of businesses, capitalizing on the area's robust economic activity and high traffic volume. With 33,310 vehicles passing daily, this location ensures significant exposure for any development. The surrounding area is home to a diverse mix of established businesses, including Assured Partners, Andy's Frozen Custard, Cypress Heart, Commerce Bank, Extra Space Storage, Simply Mac, and Blue Hook Cajun Seafood & Bar, creating a thriving commercial environment. The average household income within a one-mile radius is a substantial $170,346, indicating a strong consumer base with significant purchasing power. Adding to its appeal, the property is conveniently located less than a mile from Highway K-96, providing easy access to major transportation routes. Offered at $611,292 ($15.00 per square foot), this property represents a compelling investment opportunity in a rapidly growing area of Wichita. The 1.17-acre lot provides ample space for development, allowing for significant flexibility in design and functionality. Don't miss this chance to secure a prime location in a thriving commercial corridor.

    Property profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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