7010 21St StWichita, KS 67205

Property Details for 7010 21St St

Year built

1998

Construction

FRAME

Lot size

0.98 AC

Property size (Sq ft)

2,645 SF

Property type

Turn key restaurants

APN

087-132-03-0-33-02-001.05

APU

87132030330200105

Description

This exceptional restaurant property, located at 7010 W 21st St in Wichita, Kansas, offers a unique opportunity for food service businesses. The 2,700 square foot building sits on a sizable 42,478 square foot lot in Sedgwick County's Northwest submarket cluster. Its prime location along the busy West 21st Street commercial corridor, directly east of a new QuikTrip, ensures high visibility and significant traffic exposure. The property boasts over 29,000 vehicles passing the 21st and Ridge intersection daily. Less than five minutes from Interstate-235, this site benefits from excellent accessibility and proximity to major thoroughfares. The area is densely populated with large schools, churches, the Sedgwick County Zoo, and numerous national retailers and restaurants, creating a strong customer base. This property is available for a traditional lease with potential tenant improvement allowances for qualified tenants, or as a pad site land lease. The existing building includes a drive-thru, a highly desirable feature for quick-service restaurants. This is a rare opportunity to establish or expand a successful food service operation in a high-traffic, high-visibility location.

• CAP approach

  CAP return

  Valuation

  6%

  $599,256

  6.5%

  $553,159

  7%

  $513,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $801,981

  Geo Method

  $801,981

• Alternative Use

  Use

  Valuation

  Residential

  $466,610

  Hospitality

  $427,413

  Educational

  $355,602

  Medical

  $367,832

  Retail

  $553,159

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7238

Longitude

-97.4242

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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