2320 Douglas AveWichita, KS 67214

Property Details for 2320 Douglas Ave

Year built

1938

Lot size

0.39 AC

Property size (Sq ft)

15,877 SF

Property type

Retail space

APN

087-125-22-0-24-08-015.00

APU

87125220240801500

Description

This exceptional 14,084-square-foot restaurant space, located in the vibrant Douglas Design District, presents a unique opportunity for a discerning operator. The property boasts a prime storefront location within a two-story building, recently renovated in 2024. Upgrades include a completely updated HVAC system, modern bathrooms, and energy-efficient lighting throughout. The building's zoning is Limited Commercial, perfectly suited for restaurant, cafe, or carryout operations. The single-tenancy structure offers complete control and flexibility for the new tenant. The property's strategic location offers significant advantages, with close proximity to the bustling College Hill neighborhood, the city's downtown core, Kellogg, and the easily accessible I-135 interstate. The potential for creating a desirable patio or outdoor seating area adds further appeal. This turnkey space is ready for immediate occupancy and offers a rare blend of modern amenities and a highly desirable location within a thriving commercial district. The building itself consists of one building with two stories. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $3,597,120

  6.5%

  $3,320,418

  7%

  $3,083,245

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,814,008

  Geo Method

  $4,814,008

• Alternative Use

  Use

  Valuation

  Residential

  $2,800,897

  Hospitality

  $2,565,606

  Educational

  $2,134,554

  Medical

  $2,207,965

  Retail

  $3,320,418

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6866

Longitude

-97.3084

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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