1845 Rock Rd Wichita, KS 67207
- Strip malls
- 4,800 SF
- 0.36 lot acres
Current Use by Public Records
- Teriyaki House / Japanese Restaurant
- Oishi | Poke Ramen Cajun Seafood / Japanese Restaurant / Asian Restaurant
Property Details for 1845 Rock Rd
- Year built
- 1987
- Construction
- FRAME
- Lot size
- 0.36 lot acres
- Property size
- 4,800 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 087-119-31-0-14-01-010.00
- APU
- 87119310140101000
Description
This exceptional investment opportunity encompasses two adjacent properties at 1845 & 1885 S Rock Rd, Wichita, KS, totaling 9,614 square feet on a 0.72-acre lot. The property is currently generating income, presenting a strong value-add potential for the astute investor. 1845 S Rock Rd, a 4,800+ square foot building, houses two restaurant tenants under leases expiring between August 2027 and May 2028, generating a gross monthly income of $7,870. The neighboring property, 1885 S Rock Rd, offers 4,814 square feet, featuring one occupied restaurant suite (1,814+ sq ft) and a sizable vacant suite (3,000+ sq ft), ripe for lease-up or redevelopment. This dual-property offering presents a unique chance to acquire a well-located, income-producing asset with significant upside potential in a thriving Wichita market. The asking price for this combined property is $1,000,000. The existing leases provide immediate cash flow, while the vacant space and potential for lease increases offer substantial long-term growth opportunities. This is an ideal investment for those seeking a strong return on investment in a stable and desirable 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
- -97.2449
- Latitude
- 37.6603
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
