4339 Broadway StWichita, KS 67216

Property Details for 4339 Broadway St

Year built

1950

Lot size

2.88 AC

Property size (Sq ft)

13,039 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional value-add opportunity presents a 13,039 square foot shopping center situated on a 2.88-acre lot in South Wichita, Kansas. Priced at $650,000, this multi-tenant property offers significant upside potential. Currently boasting 55% occupancy across eight units, the center includes a desirable end-cap space with a drive-thru. Built in 1950, the single-building property is zoned for general commercial use and features a modified gross lease structure. The asking price equates to $49.85 per square foot. The property's location at 4339 S Broadway, Wichita, KS 67216, places it within a thriving commercial area. Current tenancy includes one tenant in the first year of a three-year lease with annual escalations, and another tenant on a month-to-month agreement. This presents a chance to increase occupancy and rental income, maximizing return on investment. The property's size and location make it an ideal investment for those seeking a strong foothold in the South Wichita market. Broker co-op is available.

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6159

Longitude

-97.3344

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