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Property profile

401E Douglas Ave Wichita, KS 67202

OFF-MARKET
Retail properties & Spaces
53,440 SF 0.48 ac lot Built 1932
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Property summary

AI-generated overview

This exceptional 53,440-square-foot retail and office space is situated in Wichita, Kansas's vibrant Central Business District (CBD), at 401 E Douglas Ave, zip code 67202. Built in 1932, this single-tenancy property sits on a 0.483-acre lot and is zoned for CBD use. The property offers a fantastic opportunity for a variety of businesses. Its prime location benefits from being anchored by the Hilton Garden Inn, a 127-room full-service hotel, ensuring high foot traffic and visibility. Parking is conveniently available both on the street and behind the building. The space will be delivered in "vanilla box" condition, allowing for complete customization to suit the tenant's specific needs. A tenant improvement allowance is available for qualified tenants, making this an even more attractive proposition. The property's versatility makes it ideal for a range of businesses, including but not limited to salons, insurance offices, and barbershops. This is a rare opportunity to secure a substantial and well-located space in the heart of Wichita.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1932
Total area 53,440 SF
Lot 0.48 ac (21,039 SF)

Cap rate & NOI

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

Location

401E Douglas Ave Wichita, KS 67202
Wichita metro
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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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