3441 Harry StWichita, KS 67218

Property Details for 3441 Harry St

Year built

1980

Construction

CONCRETE BLOCKS

Lot size

0.83 AC

Property size (Sq ft)

2,956 SF

Property type

Drive through restaurants

APN

087-127-35-0-22-01-019.00

APU

87127350220101900

Description

This exceptional 0.65-acre commercial land parcel, located at 3441 E. Harry, offers a unique redevelopment opportunity in Sedgwick County. The property boasts 128 feet of frontage along Harry Street, providing excellent visibility and accessibility. Currently featuring a 2,956 square foot restaurant building, this site presents a versatile canvas for various commercial ventures. The zoning is designated as Limited Commercial, allowing for a range of potential uses. The property's strategic location near the intersection of Harry and Hillside provides convenient access to major thoroughfares and a thriving commercial district. The sale price is available upon request. Alternatively, a ground lease is available at a rate of $15.00 per square foot, with estimated NNN expenses of $4.50 per square foot. The 2023 property taxes totaled $7,350.84 ($7,340.17 General + $10.67 Special). This property presents a compelling investment opportunity for developers and entrepreneurs seeking a high-traffic location with existing infrastructure. The substantial lot size of 36,336 square feet provides ample space for expansion or redevelopment projects. Serious inquiries are encouraged to explore the full potential of this prime commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $748,648

  6.5%

  $691,060

  7%

  $641,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $896,278

  Geo Method

  $896,278

• Alternative Use

  Use

  Valuation

  Residential

  $582,935

  Hospitality

  $533,965

  Educational

  $444,253

  Medical

  $459,531

  Retail

  $691,060

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6641

Longitude

-97.2954

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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