For Sale
$950,000

1501 Pawnee StWichita, KS 67211

Wichita, KS retail center - high NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 11,850-square-foot retail center located at 1501-1527 E. Pawnee St. in Wichita, Kansas. The property, built in 1955, sits on a 0.8-acre lot and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $95,000. Currently operating as a multi-tenant property, the center includes a diverse mix of businesses such as a bar, liquor store, furniture store, and other retail establishments. One building is a free-standing structure with a drive-thru. The property is classified as Class B and is zoned LC. The asking price is $950,000, representing a compelling 10% capitalization rate. The gross lease structure simplifies management. 2022 property taxes totaled $9,582.87. This prime location benefits from proximity to established businesses like JumpStart, Emprise Bank, AutoZone, Pizza Hut, Dollar General, and Discount Auto Glass & Tire, ensuring high visibility and foot traffic. Financial details are available upon request. This is a rare opportunity to acquire a well-performing, multi-tenant retail center in a thriving Wichita market. The property offers significant potential for future growth and strong returns on investment.

Highlights

  • $950,000 asking price for a 11,850 SF retail center.
  • 100% occupancy with a strong NOI of $95,000.
  • 0.8-acre lot in Wichita, KS, at 1501-1527 E. Pawnee St.
  • Built in 1955, Class B, LC zoning.
  • 2022 property taxes: $9,582.87 (General: $9,554.43; Special: $28.44).

Property Details for 1501 Pawnee St

Property type
Lifestyle centers, Power centers
Square Feet
11,850 SF
Class
B
Year Built
1955
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.649882325261
Longitude
-97.319302324521
1501 Pawnee St, Wichita, Kansas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1501 Pawnee St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message