266 Main StWichita, KS 67202

Property Details for 266 Main St

Year built

1955

Construction

FRAME

Lot size

0.88 AC

Property size (Sq ft)

56,310 SF

Property type

Office buildings

APN

087-124-20-0-14-02-002.00-A

APU

087124200140200200A

Description

This exceptional 56,310 square foot Class B office building, situated in Wichita's vibrant Central Business District, presents a unique investment opportunity. Built in 1955 and recently remodeled, the two-story structure boasts a new security system and offers multiple tenancy options within its 38,456 square foot lot. The property features convenient on-site parking, including both flat and covered spaces, making it highly accessible for employees and clients. Its location at 266 N Main St, near the intersection of Main and 2nd, places it in close proximity to key landmarks such as Cargill, the Epic Center, Sedgwick County Courthouse, City Hall, the YMCA, and the Post Office. The building is zoned for Central Business District use and is ideally suited for a technology-focused business, offering readily available internet service providers (ISPs) and fiber optic capabilities, along with on-site data storage options. With one building and elevators present, this property offers a compelling blend of classic charm and modern amenities in a highly desirable downtown location. The property's Sedgwick County location and 67202 zip code further enhance its appeal. This is a rare chance to acquire a well-maintained, strategically located office building in the heart of Wichita, Kansas.

• CAP approach

  CAP return

  Valuation

  6%

  $8,678,699

  6.5%

  $8,011,106

  7%

  $7,438,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,775,219

  Geo Method

  $6,775,219

• Alternative Use

  Use

  Valuation

  Residential

  $9,933,772

  Hospitality

  $9,099,282

  Educational

  $7,570,496

  Medical

  $7,830,856

  Retail

  $11,776,327

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6893

Longitude

-97.3378

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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