2407 E Harry St Wichita, KS 67211
For Lease
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.
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The Royal Lounge Bar & Pub (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.