For Sale
$299,000

4540 13Th St Wichita, KS 67208

High-yield, multi-tenant retail center.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional value-add retail investment property, located at 4540 E 13th St N in Wichita, Kansas, presents a compelling opportunity for investors. The 2,760 square foot building sits on a 0.37-acre lot and boasts 14 parking spaces. Currently housing two tenants—Metro by T-Mobile (since 2017) and Mars Mart 3 (since 2019)—the property enjoys 100% occupancy with a gross lease structure. Both tenants benefit from established loyal customer bases. Built in 1968 and renovated in 2020, the single-story building is in excellent condition with no known deferred maintenance. The property is zoned LC and offers a compelling price per square foot of $108.33, with an asking price of $299,000. Rent bumps are included in the lease agreements, providing future income growth potential. This multi-tenant retail center is an ideal entry point for commercial real estate ownership, offering strong cash flow and significant upside. The property features two units, each contributing to the overall profitability. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable Wichita location.

Highlights

  • 2,760 SF retail center in Wichita, KS on a 0.37-acre lot with 14 parking spaces.
  • 100% occupied with two tenants (Metro by T-Mobile since 2017 and Mars Mart 3 since 2019) under gross leases with rent bumps.
  • Excellent condition, single-story building (built 1968, renovated 2020), no deferred maintenance.
  • Zoned LC, priced at $299,000 ($108.33/SF), offering strong cash flow and upside potential.
  • Ideal entry-level commercial real estate investment opportunity.

Property Details for 4540 13Th St

Property type
Retail properties, Retail space
Square Feet
2,760 SF
Year Built/Renovated
1968/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
16,117 SF
Units
2

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.708407067496
Longitude
-97.283026368527

FAQs

What type of property is this?
Retail property - High-yield, multi-tenant retail center.
Where is the retail property located?
The property is located at 4540 13Th St Wichita, KS.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,760 SF retail center in Wichita, KS on a 0.37-acre lot with 14 parking spaces.; 100% occupied with two tenants (Metro by T-Mobile since 2017 and Mars Mart 3 since 2019) under gross leases with rent bumps.; Excellent condition, single-story building (built 1968, renovated 2020), no deferred maintenance.
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.
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4540 13Th St
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