2407 Harry St Wichita, KS 67211
- Strip malls
- 6,532 SF
- 0.12 lot acres
Current Use by Public Records
- Sandu Ministries / Church
- Elite Lawn Care & Maintenance of Wichita / Lawn Care Service
- The Door Christian Center / Pentecostal Church
- The Royal Lounge / Hookah Bar
Property Details for 2407 Harry St
- Year built
- 1952
- Construction
- FRAME
- Lot size
- 0.12 lot acres
- Property size
- 6,532 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 087-128-34-0-12-04-001.00-A
- APU
- 087128340120400100A
Description
This exceptional multi-tenant retail investment opportunity is located at 2407 E Harry St, Wichita, Kansas, 67211. The property consists of a single, one-story building totaling 6,532 square feet, currently boasting 100% occupancy. The asking price is $355,000, representing a compelling $54.35 per square foot and a strong 10.23% capitalization rate with a current Net Operating Income (NOI) of $36,304. The property features six individual suites ranging in size from 300 to 1,350 square feet, offering diverse income streams. The lease type is modified, with one year remaining on the current lease. The property is zoned LC - Limited Commercial and includes four lots totaling 21,068 square feet. Landlord responsibilities include property taxes, insurance, and trash removal, while tenants are responsible for utilities, internet, and janitorial services. This turnkey investment presents a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable Wichita location. The strong occupancy rate and attractive cap rate make this an ideal addition to any investment portfolio. The substantial land area offers potential for future expansion or development.
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
- -97.3077
- Latitude
- 37.6644
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
