3555 Douglas AveWichita, KS 67218

Property Details for 3555 Douglas Ave

Year built

1968

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

11,433 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

087-126-23-0-32-01-001.00-C

APU

087126230320100100C

Description

This 738-square-foot single-tenant office space is located in the historic Happiness Plaza in Wichita, Kansas' College Hill neighborhood. The space features an open reception area, two private offices, restrooms, and storage. Convenient door-side parking is available. The property enjoys excellent access to major roadways, including Kellogg (US Hwy 54), I-135, and downtown Wichita. Happiness Plaza is part of the Douglas Design District and is surrounded by a vibrant mix of businesses, including The Belmont, Larcher’s Marketplace, Ninety Seven Salon, A-1 Tax, Select Physical Therapy, and Face & Shades. The area boasts numerous popular restaurants and retail stores, as well as proximity to Clifton Square Shopping Center and Lincoln Heights Village, offering a diverse range of amenities and services. This location provides easy access to a variety of businesses, medical facilities, and other office spaces. The building is a single-story structure without elevators. This is an exceptional opportunity to establish a presence in a thriving and well-connected Wichita neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,590,280

  6.5%

  $2,391,027

  7%

  $2,220,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,466,559

  Geo Method

  $3,466,559

• Alternative Use

  Use

  Valuation

  Residential

  $2,016,921

  Hospitality

  $1,847,489

  Educational

  $1,537,089

  Medical

  $1,589,952

  Retail

  $2,391,027

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6861

Longitude

-97.2948

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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