1512 Douglas AveWichita, KS 67214

Property Details for 1512 Douglas Ave

Year built

2002

Construction

STEEL FRAME

Lot size

0.15 AC

Property size (Sq ft)

4,275 SF

Property type

Office properties

APN

087-125-21-0-14-08-007.00-B

APU

087125210140800700B

Description

This exceptional 4,275-square-foot retail space is ideally situated at 1512 E. Douglas Ave in Wichita, Kansas, within the vibrant Douglas Design District. The single-story, Class B building, constructed in 2002, sits on a 6,480-square-foot lot and is zoned for CBD use. The property is currently vacant and offers immediate occupancy. The freestanding metal building features a climate-controlled retail area perfect for showcasing merchandise, complemented by two private offices ideal for administrative functions or client meetings. A significant advantage is the inclusion of a 10-foot overhead door, providing excellent access for loading, unloading, or showcasing larger items, making it suitable for a variety of retail or flex-space uses. The building boasts 3-phase power, ensuring sufficient electrical capacity for most business needs. Located in Sedgwick County, this property presents a unique opportunity for businesses seeking a high-visibility location in a thriving area of Wichita. The ample square footage and versatile layout offer significant potential for customization to suit a wide range of business operations. This is a rare opportunity to secure a well-maintained, conveniently located retail space in a desirable Wichita neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $658,878

  6.5%

  $608,195

  7%

  $564,753

• Comparable approach

  Method

  Valuation

  Relative Method

  $514,368

  Geo Method

  $514,368

• Alternative Use

  Use

  Valuation

  Residential

  $754,162

  Hospitality

  $690,809

  Educational

  $574,745

  Medical

  $594,511

  Retail

  $894,047

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6865

Longitude

-97.3191

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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