1501 Pawnee St Wichita, KS 67211
- Strip malls
- 0.24 lot acres
Current Use by Public Records
- Pawnee Furniture / Used Furniture Store / Furniture Store
Property Details for 1501 Pawnee St
- Lot size
- 0.24 lot acres
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 087-212-04-0-11-03-004.00
- APU
- 87212040110300400
Description
This exceptional investment opportunity presents a 11,850-square-foot retail center located at 1501-1527 E. Pawnee St. in Wichita, Kansas. The property, built in 1955, sits on a 0.8-acre lot and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $95,000. Currently operating as a multi-tenant property, the center includes a diverse mix of businesses such as a bar, liquor store, furniture store, and other retail establishments. One building is a free-standing structure with a drive-thru. The property is classified as Class B and is zoned LC. The asking price is $950,000, representing a compelling 10% capitalization rate. The gross lease structure simplifies management. 2022 property taxes totaled $9,582.87. This prime location benefits from proximity to established businesses like JumpStart, Emprise Bank, AutoZone, Pizza Hut, Dollar General, and Discount Auto Glass & Tire, ensuring high visibility and foot traffic. Financial details are available upon request. This is a rare opportunity to acquire a well-performing, multi-tenant retail center in a thriving Wichita market. The property offers significant potential for future growth and strong returns on investment.
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
- -97.3201
- Latitude
- 37.6496
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
