224 Central Ave Andover, KS 67002-8580
- Assisted living facilities
- 35,554 SF
- 2.70 lot acres
Current Use by Public Records
- RODNEY K BRYANT / Geriatrician
Property Details for 224 Central Ave
- Year built
- 2010
- Lot size
- 2.70 lot acres
- Property size
- 35,554 SF
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 008-304-17-0-30-03-002.02-0
- APU
- 83041703003002020
Description
This exceptional 40,000 square foot (40,360 total square feet) residential treatment facility is situated in the thriving Andover community, a suburb of Wichita, Kansas. Conveniently located just 20 minutes from Wichita Dwight D. Eisenhower National Airport and 2 miles from Andover's Kansas Medical Center Hospital, this property offers unparalleled accessibility. The "H"-shaped building comprises four distinct wings, each equipped with its own kitchen and dining area. Common areas, including a therapy area and activity room, are located in the basement (6,186 square feet) and on the second floor. Extensive amenities include a 43-space paved parking lot, paved walkways, a courtyard, and attractive landscaping. The building boasts a hip composition roof, brick veneer siding, and a sprinkler system. Interior features are equally impressive, encompassing a spacious lobby, 11 offices, 60 units/rooms, 65 restrooms, a salon, four dining rooms, two nurses' stations, multiple laundry hookups, ample storage, a gym, a commercial kitchen, numerous lounge areas, dedicated medication rooms, a walk-out basement, and a convenient elevator. Modern technological infrastructure is in place, including Cox internet fiber, a VOIP phone system with ANAYA overhead paging, Ethernet wiring, and a backup generator. Safety features include fire and smoke detectors, and the building benefits from individually controlled HVAC systems. This turnkey operation presents a unique investment opportunity in a high-demand sector within a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $675,000
- 6.5%
- $785,000
- 7%
- $685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $655,000
- Geo Method
- $665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $665,000
- Retail
- $710,000
- Mixed-Use
- $835,000
- Hospitality
- $830,000
- Educational
- $695,000
- Residential Income
- $795,000
- Energy
- $735,000
- Income-Based Land
- $655,000
- Food Service
- $755,000
Location Insight
- Map
- Local Demand
- City
- Andover
- County
- Butler
- State
- Kansas
- Longitude
- -97.1328
- Latitude
- 37.6951
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
