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Property profile & analytics
OFF-MARKET Estimated value $280,000
Turn key restaurants

500 Central Ave Wichita, KS 67202-1060

2,000 SF 0.05 ac lot Built 1950
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US33-0202545
Property summary
AI-generated overview

This 2,000 sq. ft. fully furnished restaurant in Sedgwick County is available for lease. Centrally located on Central, it boasts high visibility and convenient parking in a private lot with over 20 spaces. The space is ideal for a seamless transition into operation, featuring an open dining room with seating for up to 100 patrons, a front counter serving station, and a fully equipped kitchen. Kitchen amenities include a vented hood, industrial dishwasher, hand sink, triple sink, and ample prep tables. Two ADA-compliant bathrooms are also included. The tenant is responsible for utilities. This exceptional location offers unparalleled access to a thriving community, surrounded by notable establishments such as the Nifty Nut House, AAA Restaurant Supply, Downtown YMCA, Old Town Wichita, St. Mary’s Cathedral, Envision Headquarters, City Building, County Courthouse, Ascension, and Via Christi Hospital, ensuring a high volume of potential customers. The single-tenant occupancy provides a unique opportunity for a restaurant operator seeking a turnkey solution in a prime location. This property presents a rare chance to establish or relocate a restaurant business in a highly desirable and well-established area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Construction CONCRETE BLOCKS
Total area 2,000 SF
Lot 0.05 ac (2,178 SF)
APN 087-125-16-0-33-10-005.00-C
UPID US33-0202545
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k
Owner & transaction history
Equisset LLC · 1 yrs held
Equisset LLC
since 2025
4 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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