1700 Douglas Ave Wichita, KS 67203
- Retail space
- 21,000 SF
- 0.16 lot acres
Current Use by Public Records
- M & M Insurance Associates / Insurance Agency / Life Insurance Agency
- Al’s Old and New Book Store, LLC / Used Book Store / Book Store
- Progressive Car Insurance / Auto Insurance Agency
- Telcom Insurance Group / Insurance Agency
- Kids Play and More / Outdoor Furniture Store
Property Details for 1700 Douglas Ave
- Year built
- 1930
- Lot size
- 0.16 lot acres
- Property size
- 21,000 SF
- Property type
- Retail space
- APN
- 087-125-22-0-23-05-006.00
- APU
- 87125220230500600
Description
This exceptional 16,068-square-foot storefront property presents a rare redevelopment opportunity in Wichita's vibrant Delano District. Located at 1700 W Douglas Ave, this two-story building, constructed in 1928, sits on a 0.45-acre lot and offers significant potential for investors or owner-users. Currently, 7,500 square feet are leased to short-term tenants, a dance studio and a bookstore, generating immediate income. The remaining vacant space boasts a large, open floor plan, high ceilings, and abundant natural light, ideal for a variety of uses. An additional lot in the rear provides ample parking. The asking price is $1,175,000, translating to $73.13 per square foot. The property is zoned for Delano District uses. The anticipated occupancy date is July 18, 2024. This location benefits from its proximity to shops and restaurants within walking distance, and the city is actively enhancing West Douglas Avenue with street improvements and new amenities, promising increased foot traffic and visibility. This is a unique chance to acquire a substantial property in a thriving, historic district.
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
- -97.3171
- Latitude
- 37.6865
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
