645 Douglas AveWichita, KS 67202

Property Details for 645 Douglas Ave

Year built

2018

Lot size

0.46 AC

Property size (Sq ft)

36,702 SF

Property type

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.

• 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

FAQs

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