749 West StWichita, KS 67203

For Sale
$1,200,000
High-traffic, 15,108 SF storefront

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional West Wichita retail investment opportunity boasts 15,108 square feet across eight rentable suites situated on a 1.32-acre lot. The property, built in 1967 and zoned for limited commercial use, enjoys a prime location on West Street, offering high visibility and ample parking. Currently operating at 92% occupancy with a mix of long-term month-to-month tenants on gross leases, this presents a strong value-add opportunity for a new owner to increase rents and secure longer-term leases. One suite is currently vacant and ready for immediate lease. The annual gross potential income is $99,300, with a 5.00% cap rate and an asking price of $1,200,000. The property's history demonstrates higher-than-average occupancy rates due to its size, location, and visibility. Annual property taxes are approximately $17,904.3. A rent roll and pro forma are available upon request. Please note: No showings will be conducted until a Letter of Intent or contract is in place. Do not disturb tenants.

Highlights

  • $1,200,000 asking price for this Wichita, KS retail investment property.
  • 15,108 square foot storefront building on a 1.32-acre lot.
  • 5.00% cap rate with a gross lease structure and 92% occupancy.
  • Multi-tenant property with eight rentable suites, currently 3 years remaining on leases.
  • Located in a high-traffic area of West Wichita with high visibility and ample parking.

Property Details for 749 West St

Property type
Retail properties, Retail space
Square Feet
15,108 SF
Year Built
1967
Buildings
1
Stories
1
Lot Size (sq. ft)
57,499 SF

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.6966705
Longitude
-97.3901418
749 West St, Wichita, Kansas

FAQs

What type of property is this?
Retail property - High-traffic, 15,108 SF storefront
Where is the retail property located?
The property is located at 749 West St Wichita, KS.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: $1,200,000 asking price for this Wichita, KS retail investment property.; 15,108 square foot storefront building on a 1.32-acre lot.; 5.00% cap rate with a gross lease structure and 92% occupancy.
How can I contact the broker?
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749 West St
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