2601 Lincoln StWichita, KS 67211

Property Details for 2601 Lincoln St

Year built

1969

Lot size

1.55 AC

Property size (Sq ft)

30,253 SF

Property type

Retail properties

Property subtype

Strip malls

APN

087-128-27-0-41-02-015.00

APU

87128270410201500

Description

Boulevard Plaza, located at 2601 E Lincoln St, Wichita, KS 67211, presents a unique opportunity for a single-tenant retail business. This historic property boasts 30,253 square feet of vacant space, situated on a 1.55-acre lot. The building features attractive American brick siding and a covered walkway, adding to its character and curb appeal. The property benefits from excellent visibility and high traffic counts due to its location just off Lincoln Street in Wichita. Ample parking is available on-site. Its convenient location offers easy highway access, enhancing accessibility for customers and employees. The surrounding area is a mix of residential neighborhoods, churches, and other commercial businesses, creating a diverse and established customer base. The property is zoned LI, providing flexibility for a variety of hospitality-related uses. This is an exceptional opportunity to acquire a substantial retail space in a desirable Wichita location with significant potential for growth and success. The entire building is currently vacant, offering a blank canvas for a new tenant to create their ideal space. The property's history and architectural details provide a unique opportunity to establish a memorable and successful business.

• CAP approach

  CAP return

  Valuation

  6%

  $6,854,170

  6.5%

  $6,326,926

  7%

  $5,875,003

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,172,903

  Geo Method

  $9,172,903

• Alternative Use

  Use

  Valuation

  Residential

  $5,336,999

  Hospitality

  $4,888,662

  Educational

  $4,067,310

  Medical

  $4,207,190

  Retail

  $6,326,926

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6712

Longitude

-97.3055

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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