1116 1St StWichita, KS 67214

Property Details for 1116 1St St

Lot size

0.05 AC

Property type

Parking lots & garages

APN

087-125-21-0-13-03-007.00

APU

87125210130300700

Description

This exceptional 2.75 million dollar property, located at 1116 E 1st Street N in Wichita, Kansas, presents a unique investment opportunity. Originally a church, the building has undergone a complete and meticulous renovation, resulting in a state-of-the-art facility suitable for a variety of commercial or residential uses. The interior and exterior have been entirely rebuilt with top-quality materials, as detailed in the comprehensive list of building supplies and equipment available upon request. A key feature is the impressive 2600 square foot theatre room, boasting a 12x9 viewing screen and a high-performance 15,000 Lumina projector, described as superior to any other in the city. The property also includes two fully equipped kitchens, adding to its versatility. Beyond the main building, an additional 50x50 foot lot is included, situated to the west of the main property, expanding the potential for development or expansion. The building features a sophisticated 5-zone HVAC system ensuring climate control throughout. Known for its exceptional acoustics, this property represents a rare opportunity to acquire a meticulously renovated, high-end space in a desirable Wichita location. The detailed inventory of building materials, features, and equipment provides comprehensive information for prospective buyers. The property sits on a 0.29-acre lot.

• CAP approach

  CAP return

  Valuation

  6%

  $493,451

  6.5%

  $455,494

  7%

  $422,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $660,384

  Geo Method

  $660,384

• Alternative Use

  Use

  Valuation

  Residential

  $384,226

  Hospitality

  $351,949

  Educational

  $292,817

  Medical

  $302,888

  Retail

  $455,494

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6882

Longitude

-97.3248

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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