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Property profile & analytics
OFF-MARKET
Parking lots & garages

1116 1st N St Wichita, KS 67214-3905

0.05 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US33-0753376
Property summary
AI-generated overview

This exceptional 2.75 million dollar property, located at 1116 E 1st Street N in Wichita, Kansas, presents a unique investment opportunity. Originally a church, the building has undergone a complete and meticulous renovation, resulting in a state-of-the-art facility suitable for a variety of commercial or residential uses. The interior and exterior have been entirely rebuilt with top-quality materials, as detailed in the comprehensive list of building supplies and equipment available upon request. A key feature is the impressive 2600 square foot theatre room, boasting a 12x9 viewing screen and a high-performance 15,000 Lumina projector, described as superior to any other in the city. The property also includes two fully equipped kitchens, adding to its versatility. Beyond the main building, an additional 50x50 foot lot is included, situated to the west of the main property, expanding the potential for development or expansion. The building features a sophisticated 5-zone HVAC system ensuring climate control throughout. Known for its exceptional acoustics, this property represents a rare opportunity to acquire a meticulously renovated, high-end space in a desirable Wichita location. The detailed inventory of building materials, features, and equipment provides comprehensive information for prospective buyers. The property sits on a 0.29-acre lot.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.05 ac (2,178 SF)
APN 087-125-21-0-13-03-007.00
UPID US33-0753376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
ALTER, MATTHEW S TRUST
ALTER, MATTHEW S TRUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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