505 16Th St Wellington, KS 67152
- Warehouses
- 2,400 SF
- 0.45 lot acres
Current Use by Public Records
- Warehouses
Property Details for 505 16Th St
- Year built
- 2009
- Lot size
- 0.45 lot acres
- Property size
- 2,400 SF
- Zone code
- RV09
- Property type
- Warehouses
- APN
- 151-11-0-40-01-021.01-0
- APU
- 1511104001021010
Description
This exceptional Wellington, KS commercial property presents a prime business opportunity. Located at 505 E 16th St, this 2,400 square foot building sits on a 1.3-acre lot and is currently priced at $275,000. The property features two separate units, each boasting a dedicated bathroom and a large main area measuring 14x38 feet. Additionally, each unit includes a spacious 16x30 foot north room, offering ample space for various business needs. One unit is currently generating a stable monthly income of $1,200 through an existing lease, providing immediate return on investment. The property's former use as a pharmacy, complete with a convenient drive-thru, ensures excellent visibility and accessibility, making it an ideal location for a wide range of businesses. Its strategic location and versatile layout offer significant potential for both investors seeking a strong rental income stream and entrepreneurs looking to establish their own ventures. The expansive lot size provides ample parking and potential for future expansion. This is a rare opportunity to acquire a well-situated, income-producing commercial property in a thriving community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wellington
- County
- Sumner
- State
- Kansas
- Longitude
- -97.3933
- Latitude
- 37.276
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
