5900 Central AveWichita, KS 67208

For Sale
$800,000
High-yield, multi-tenant retail property.

Overview

Added:
Dec 11, 2024
Days on market:
126
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.

Highlights

  • Excellent location in established Northeast Wichita retail corridor.
  • High traffic count: 20,000+ vehicles daily on E. Central Ave.
  • Attractive purchase price of $97.55/SF offers strong rental growth potential.
  • Surrounding area redevelopment projects signal significant future value appreciation.

Property Details for 5900 Central Ave

Property type
Lifestyle centers, Power centers
Square Feet
7,945 SF
Class
B
Year Built/Renovated
1968/2020
Buildings
1
Stories
2
Lot Size (sq. ft)
31,363 SF
Units
3

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.693913021578
Longitude
-97.267835238354
5900 Central Ave, Wichita, Kansas

FAQs

What type of property is this?
Lifestyle center - High-yield, multi-tenant retail property.
Where is the lifestyle center located?
The property is located at 5900 Central Ave Wichita, KS.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Excellent location in established Northeast Wichita retail corridor.; High traffic count: 20,000+ vehicles daily on E. Central Ave.; Attractive purchase price of $97.55/SF offers strong rental growth potential.
How can I contact the broker?
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5900 Central Ave
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