1501 Pawnee StWichita, KS 67211

Property Details for 1501 Pawnee St

Lot size

0.24 AC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

087-212-04-0-11-03-004.00

APU

87212040110300400

Description

This exceptional investment opportunity presents a 11,850-square-foot retail center located at 1501-1527 E. Pawnee St. in Wichita, Kansas. The property, built in 1955, sits on a 0.8-acre lot and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $95,000. Currently operating as a multi-tenant property, the center includes a diverse mix of businesses such as a bar, liquor store, furniture store, and other retail establishments. One building is a free-standing structure with a drive-thru. The property is classified as Class B and is zoned LC. The asking price is $950,000, representing a compelling 10% capitalization rate. The gross lease structure simplifies management. 2022 property taxes totaled $9,582.87. This prime location benefits from proximity to established businesses like JumpStart, Emprise Bank, AutoZone, Pizza Hut, Dollar General, and Discount Auto Glass & Tire, ensuring high visibility and foot traffic. Financial details are available upon request. This is a rare opportunity to acquire a well-performing, multi-tenant retail center in a thriving Wichita market. The property offers significant potential for future growth and strong returns on investment.

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6496

Longitude

-97.3201

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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