749 West StWichita, KS 67203
- Retail properties
- 15,108 SF
Property Details for 749 West St
- Year built
- 1967
- Lot size
- 1.32 AC
- Property size (Sq ft)
- 15,108 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Location Insight
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Latitude
- 37.6967
- Longitude
- -97.3901
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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