5900 Central Ave Wichita, KS 67208
- Strip malls
- 7,945 SF
- 0.71 lot acres
Current Use by Public Records
- Jacquelyn Locke / Marriage Or Relationship Counselor
- Rachel Ukens / Marriage Or Relationship Counselor
- Angelo's Italian Restaurant - Wichita / Italian Restaurant
- Sedgba Co / Marketing Consultant
Property Details for 5900 Central Ave
- Year built
- 1968
- Construction
- FRAME
- Lot size
- 0.71 lot acres
- Property size
- 7,945 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 087-126-13-0-43-01-003.00
- APU
- 87126130430100300
Description
This exceptional investment opportunity presents a stabilized, multi-tenant retail property located at 5900 E Central Ave, Wichita, KS 67208. The 7,945 square foot building, constructed in 1968 and renovated in 2020, sits on a 0.72-acre lot and boasts 38 parking spaces. Currently operating at 100% occupancy with three tenants under NNN leases, this Class B property offers a compelling 6.80% cap rate and a price per square foot of $100.69. The asking price is $800,000. Situated in a well-established retail corridor in Northeast Wichita, this property benefits from high traffic volume exceeding 20,000 vehicles daily. The LC zoning permits a variety of uses. Financial reports are available upon request with a signed Non-Disclosure Agreement. The two-story building provides a strong foundation for continued growth and potential rental rate increases, offering significant upside potential. Multiple reinvestment projects in the area further indicate substantial future value appreciation. This is a prime asset for any real estate portfolio seeking stable income and long-term growth. The property is offered for sale by owner.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.2678
- Latitude
- 37.6944
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
