4540 13Th St Wichita, KS 67208
- Strip malls
- 2,760 SF
- 0.37 lot acres
Current Use by Public Records
- Mars Mart 3 / Convenience Store / Fast Food Restaurant
- Metro by T-Mobile / Cell Phone Accessory Store / Telecommunications Service Provider
Property Details for 4540 13Th St
- Year built
- 1968
- Construction
- FRAME
- Lot size
- 0.37 lot acres
- Property size
- 2,760 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 087-121-11-0-44-04-001.00-D
- APU
- 087121110440400100D
Description
This exceptional value-add retail investment property, located at 4540 E 13th St N in Wichita, Kansas, presents a compelling opportunity for investors. The 2,760 square foot building sits on a 0.37-acre lot and boasts 14 parking spaces. Currently housing two tenants—Metro by T-Mobile (since 2017) and Mars Mart 3 (since 2019)—the property enjoys 100% occupancy with a gross lease structure. Both tenants benefit from established loyal customer bases. Built in 1968 and renovated in 2020, the single-story building is in excellent condition with no known deferred maintenance. The property is zoned LC and offers a compelling price per square foot of $108.33, with an asking price of $299,000. Rent bumps are included in the lease agreements, providing future income growth potential. This multi-tenant retail center is an ideal entry point for commercial real estate ownership, offering strong cash flow and significant upside. The property features two units, each contributing to the overall profitability. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable Wichita location.
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
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.2832
- Latitude
- 37.7087
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
