5606 Central Ave Wichita, KS 67208-4201
This exceptional freestanding restaurant/retail building, located at 5606 E. Central Ave. in Wichita, Kansas, presents a lucrative investment opportunity. Boasting 4,461 square feet on a sizable 1.17-acre lot at the hard corner of Central and Edgemoor, this property offers unparalleled visibility and accessibility. Built in 1984, the building features a convenient drive-thru, ample parking for approximately 60 vehicles, and essential restaurant equipment including a walk-in cooler and freezer. The property is zoned LC and benefits from high traffic counts due to its strategic location. The 2023 property taxes totaled $15,359.65 ($15,348.98 General + $10.67 Special). The asking price is $875,000, translating to $196.14 per square foot. Potential buyers should inquire about any deed restrictions. This turnkey operation is ideal for a variety of food service concepts or retail businesses seeking a prominent Wichita location. The property's size and features make it a highly desirable asset in a thriving commercial area. This is a rare opportunity to acquire a well-established property with significant potential for growth and return on investment.
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.