2706 Amidon AveWichita, KS 67204

Property Details for 2706 Amidon Ave

Lot size

0.65 AC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

087-123-06-0-13-02-006.00-D

APU

087123060130200600D

Description

This exceptional 16,140 square foot retail property, located at 2706-2730 N. Amidon Ave in Wichita, Kansas, presents a compelling investment opportunity. Situated on a 1.57-acre lot, this Class B strip center boasts excellent visibility and ample parking with 88 spaces. Built in 1966, the single building is zoned LC and offers multiple tenancies, with a minimum divisible space of 1,000 square feet. The property benefits from its prime location in the heart of north Wichita, characterized by high rooftop density. The convenient doorside parking ensures easy access for customers. This retail center is under new ownership, presenting a fresh start and potential for future growth and development. The property's strategic location and ample parking make it an ideal investment for a variety of retail businesses. Its size and layout offer flexibility for multiple tenants or a single large occupant. This is a rare opportunity to acquire a well-located retail center in a thriving Wichita neighborhood. The Sedgwick County location provides access to a strong consumer base. The property's features and location combine to create a strong value proposition for investors seeking a stable and potentially high-return investment in the Wichita retail market.

• CAP approach

  CAP return

  Valuation

  6%

  $6,414,867

  6.5%

  $5,921,416

  7%

  $5,498,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,584,986

  Geo Method

  $8,584,986

• Alternative Use

  Use

  Valuation

  Residential

  $4,994,936

  Hospitality

  $4,575,334

  Educational

  $3,806,624

  Medical

  $3,937,540

  Retail

  $5,921,416

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7322

Longitude

-97.3623

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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