2201 Central AveWichita, KS 67214

Property Details for 2201 Central Ave

Year built

2011

Construction

STEEL FRAME

Lot size

0.21 AC

Property size (Sq ft)

8,000 SF

Property type

Outlet malls

APN

087-125-22-0-21-02-002.00-C

APU

087125220210200200C

Description

This exceptional 8,000-square-foot freestanding retail building is situated on a 0.54-acre lot at 2201 E. Central Ave in Wichita, Kansas, zip code 67214. Constructed in 2017, the single-story building boasts a prominent location with excellent visibility and convenient access to Central and Hillside. The property is zoned LC and is currently available for lease. The building's previous tenant was a Family Dollar, making it ideal for a variety of retail uses. The property offers pylon signage for enhanced brand visibility. This location benefits from high traffic counts and proximity to a strong concentration of established businesses, including Wesley Medical Center, Panera Bread, Jimmy Johns, Chipotle Mexican Grill, Starbucks Coffee, McDonald's, Seven Brew, Doc Greens Salads and Grill, and Walgreens. This presents a unique opportunity for businesses seeking a high-traffic, easily accessible location within a thriving commercial area of Sedgwick County. The single-tenancy building provides ample space for a variety of retail concepts. This is a remarkable opportunity to establish a presence in a well-established and highly visible commercial corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,812,493

  6.5%

  $1,673,071

  7%

  $1,553,566

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,425,651

  Geo Method

  $2,425,651

• Alternative Use

  Use

  Valuation

  Residential

  $1,411,298

  Hospitality

  $1,292,741

  Educational

  $1,075,546

  Medical

  $1,112,535

  Retail

  $1,673,071

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6933

Longitude

-97.3102

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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