514 Dodge AveWichita, KS 67203

Property Details for 514 Dodge Ave

Year built

1980

Construction

CONCRETE BLOCKS

Lot size

0.41 AC

Property size (Sq ft)

3,200 SF

Property type

Office buildings

APN

087-124-19-0-14-01-003.00

APU

87124190140100300

Description

This newly remodeled, single-story office building at 514 N Dodge Ave, Wichita, KS 67203, offers 17,859 square feet of versatile space. Built in 2019, the property is zoned for General Commercial use and is ideal for a variety of businesses, including medical practices and counseling services, or general office use. The building's single-tenant occupancy provides a unique opportunity for a business seeking a substantial and adaptable workspace. Its modern design and recent renovation ensure efficient and comfortable operations. The convenient location in Wichita, Kansas offers excellent accessibility and visibility. The property's single-story design eliminates the need for elevators and stairs, enhancing accessibility and potentially reducing operational costs. The ample lot size provides ample parking and potential for future expansion or outdoor amenities. This is a rare opportunity to acquire a fully renovated, well-located office building in a thriving Kansas market. The property is ready for immediate occupancy, offering a turnkey solution for businesses seeking a modern and functional space. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this exceptional property. The building's single-tenant configuration offers a streamlined management experience. The property's location in Wichita, Kansas, provides access to a robust local economy and a diverse workforce.

• CAP approach

  CAP return

  Valuation

  6%

  $493,195

  6.5%

  $455,257

  7%

  $422,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $385,024

  Geo Method

  $385,024

• Alternative Use

  Use

  Valuation

  Residential

  $564,519

  Hospitality

  $517,096

  Educational

  $430,218

  Medical

  $445,014

  Retail

  $669,228

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6905

Longitude

-97.3539

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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