4040 Meridian AveWichita, KS 67217

Property Details for 4040 Meridian Ave

Year built

2017

Lot size

1.26 AC

Property size (Sq ft)

8,400 SF

Property type

Outlet malls

APN

087-214-18-0-22-02-001.01

APU

87214180220200101

Description

This 8,400-square-foot freestanding retail building is located at 4040 S. Meridian Ave in Wichita, Kansas, within Sedgwick County (zip code 67217). Built in 2017, the single-story structure sits on a 1.26-acre lot and offers 26 parking spaces. The property is zoned LC and benefits from excellent visibility due to its freestanding design and pylon signage. Its convenient location provides easy access to I-235, ensuring high traffic flow and customer accessibility. The building is currently available for sublease and represents a unique opportunity for a business seeking a well-located, spacious retail space. Previously occupied by a Family Dollar, this second-generation space is ready for immediate occupancy. The property's ample parking and prominent location make it an ideal choice for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,903,118

  6.5%

  $1,756,724

  7%

  $1,631,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,546,934

  Geo Method

  $2,546,934

• Alternative Use

  Use

  Valuation

  Residential

  $1,481,863

  Hospitality

  $1,357,378

  Educational

  $1,129,323

  Medical

  $1,168,162

  Retail

  $1,756,724

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6209

Longitude

-97.37

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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