515 G StWellington, KS 67152

Property Details for 515 G St

Year built

1930

Lot size

0.35 AC

Property size (Sq ft)

2,820 SF

Property type

Retail space

APN

156-14-0-20-32-005.00-0

APU

1561402032005000

Description

This exceptional commercial property, located at 515 N G St in Wellington, Kansas, presents a unique investment opportunity. The 2,800 square foot building sits on a sizable 200 x 77 foot lot, offering ample space and potential for expansion. Previously utilized as office space, retail, and a barber shop, this versatile property is ideally situated on Highway 160, ensuring high visibility and accessibility. The building itself measures 40 x 70 feet. The roof was permitted in 2016. All information provided is estimated. The property is being offered in its current "AS IS" condition. This presents a chance to acquire a well-located commercial building in a thriving Kansas community at an attractive price point. The property's history and size make it suitable for a variety of commercial uses, offering significant potential for return on investment. The large lot size provides additional development possibilities. Serious inquiries are encouraged to explore this promising opportunity. Zip code is 67152. The property is located in Sumner County.

• CAP approach

  CAP return

  Valuation

  6%

  $714,204

  6.5%

  $659,265

  7%

  $612,175

• Comparable approach

  Method

  Valuation

  Relative Method

  $855,042

  Geo Method

  $855,042

• Alternative Use

  Use

  Valuation

  Residential

  $556,115

  Hospitality

  $509,398

  Educational

  $423,813

  Medical

  $438,389

  Retail

  $659,265

Location Insight

City

Wellington

County

Sumner

State

Kansas

Latitude

37.2701

Longitude

-97.4018

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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