401 Douglas Ave Wichita, KS 67202-3407
This exceptional 53,440 square foot restaurant space, located at 401 E Douglas Ave in Wichita, Kansas, presents a unique opportunity. Situated in the heart of the Central Business District (CBD) on a 0.483-acre lot, this single-tenancy property boasts a prime location with stunning rooftop views. Currently configured as a restaurant and bar, the space features a first-generation build-out, complete with a walk-in cooler, walk-in freezer, and a Type 1 hood system. The property benefits from its proximity to the Hilton Garden Inn, a 127-room full-service hotel, ensuring high foot traffic and visibility. A significant tenant improvement allowance is available for qualified tenants, providing flexibility for customization and build-out. Furthermore, the property's location offers unparalleled access to the future $300 million BioMedical Campus, projected to bring 3,000 students and 200 faculty and staff to Downtown Wichita, significantly increasing the potential customer base. This is an exceptional opportunity to establish a thriving business in a rapidly developing area of Wichita, Sedgwick County, Kansas (zip code 67202). The property's zoning designation is CBD.
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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.