1001 Central AveWichita, KS 67214

Property Details for 1001 Central Ave

Year built

1965

Construction

CONCRETE BLOCKS

Lot size

0.27 AC

Property size (Sq ft)

6,948 SF

Property type

Office buildings

APN

087-125-21-0-12-04-002.00

APU

87125210120400200

Description

This exceptional investment opportunity presents a 6,930 square foot flex building situated on a sizable 12,914 square foot lot at 1001 E Central Ave, Wichita, Kansas 67214. The property, zoned for Limited Commercial use, boasts a versatile layout suitable for a variety of retail, office, and industrial uses. Built in 1965, this single-story building offers significant potential for redevelopment or continued operation as a multi-tenant property. Its convenient location at the intersection of Central and Washington Avenues provides excellent visibility and accessibility. The asking price is $595,000, representing a compelling entry point into the Wichita commercial real estate market. The property's substantial lot size offers ample room for expansion, parking, or outdoor storage. This is an ideal opportunity for investors seeking a well-located, adaptable property with strong potential for future growth and return. The property's existing infrastructure and zoning provide a solid foundation for a range of business ventures. Serious inquiries are encouraged to explore the possibilities of this unique investment. The property is located in Wichita, Kansas and has a Limited Commercial zoning designation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,070,851

  6.5%

  $988,478

  7%

  $917,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $835,983

  Geo Method

  $835,983

• Alternative Use

  Use

  Valuation

  Residential

  $1,225,712

  Hospitality

  $1,122,746

  Educational

  $934,111

  Medical

  $966,237

  Retail

  $1,453,062

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6932

Longitude

-97.3261

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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