2614 21St St Wichita, KS 67214

This exceptional 15,590 square foot retail center, located at 2614 E 21st St N in Wichita, Kansas, presents a compelling value-add investment opportunity. The property, built in 1998 and situated on a 44,311 square foot lot, features a single-story building with five units and ample parking for 50 vehicles. Currently boasting 83% occupancy, the center generates a net operating income (NOI) of $81,830, with a pro-forma NOI projected at $103,430. The property is zoned Limited Commercial (LC) and benefits from a high-traffic location near Wichita State University and I-135, offering excellent visibility and accessibility. Significant signage opportunities exist, both monument and building-mounted. The lease type is gross, with a remaining lease term of one year on the current tenants. This Class B property offers investors a 7.00% cap rate and significant potential for increased profitability through lease-up and rent optimization. The center's prime location and value-add potential make it an attractive investment in the thriving Wichita market.