645 Douglas AveWichita, KS 67202
- Office properties
- 36,702 SF
Property Details for 645 Douglas Ave
- Year built
- 2018
- Lot size
- 0.46 AC
- Property size (Sq ft)
- 36,702 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 087-125-21-0-31-03-001.00-B
- APU
- 087125210310300100B
Description
This exceptional commercial property, located at 645 E Douglas Ave in Wichita, Kansas, offers a diverse range of executive office spaces within a vibrant mixed-use development. The building, constructed in 2020, boasts 61,155 square feet across two stories, with a single elevator servicing the space. Units range from a minimum of 1,579 square feet to a maximum contiguous space of 7,723 square feet, with four spaces currently available, ranging from 1,200 to 15,071 square feet. The property sits on a 103,820 square foot lot and is zoned for Central Business District (CBD) use in Sedgwick County. Its strategic location directly north of Intrust Bank Arena provides unparalleled visibility and accessibility. The property benefits from the proximity to the newly renovated Naftzger Park, featuring outdoor seating, a dog park, a giant screen for public movie nights, and a pavilion for outdoor performances. Ample parking is available on-site, supplemented by over 600 public parking stalls nearby. This thriving downtown location is supported by significant recent investment, including $747 million in private investment and $92 million in public investment over the past 10 years, resulting in the addition of 4.6 million square feet of office space and 1,432 residential units since 2010. The area also boasts a strong retail sector, with $171 million in sales reported in 2020. The building's location within a mixed-use project incorporating apartments, office space, and retail opportunities ensures a dynamic and bustling environment. Contact us today to learn more about the available suites.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,656,644
- 6.5%
- $5,221,517
- 7%
- $4,848,552
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,415,984
- Geo Method
- $4,415,984
-
Alternative Use
- Use
- Valuation
- Residential
- $6,474,682
- Hospitality
- $5,930,774
- Educational
- $4,934,334
- Medical
- $5,104,033
- Retail
- $7,675,630
Location Insight
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Latitude
- 37.6857
- Longitude
- -97.3305
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].