For Sale
$950,000

1501 Pawnee St Wichita, KS 67211

Wichita, KS retail center - high NOI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
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

FAQs

What type of property is this?
Lifestyle center - Wichita, KS retail center - high NOI
Where is the lifestyle center located?
The property is located at 1501 Pawnee St Wichita, KS.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: $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.
How can I contact the broker?
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1501 Pawnee St
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