1900 Pawnee StWichita, KS 67211

Property Details for 1900 Pawnee St

Year built

1956

Construction

FRAME

Lot size

1.39 AC

Property size (Sq ft)

14,945 SF

Property type

Outlet malls

APN

087-128-34-0-33-06-011.00

APU

87128340330601100

Description

This exceptional 14,945-square-foot retail showroom/warehouse, located at 1900 E. Pawnee St. in Wichita, Kansas, presents a compelling investment opportunity. Built in 1956, the property boasts a highly desirable location with convenient access from Pawnee Street, Southeast Boulevard, and Blake Street, ensuring excellent visibility and accessibility. The building features a fully climate-controlled interior with an open layout, ideal for a variety of retail or warehouse uses. The property includes an 8x8 overhead door, facilitating easy loading and unloading, and is equipped with 3-phase power. The lot size is substantial at 60,539 square feet, offering ample space for expansion or outdoor storage. The asking price is $750,000, translating to $50.18 per square foot. The property is zoned LC. The building's size is 14,945 square feet. Lease rate is $6.00/sf (NNN) with an estimated NNN of $1.52. This prime Wichita location and versatile space make this an attractive proposition for discerning investors seeking a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,712,661

  6.5%

  $3,427,072

  7%

  $3,182,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,531,420

  Geo Method

  $4,531,420

• Alternative Use

  Use

  Valuation

  Residential

  $2,890,863

  Hospitality

  $2,648,015

  Educational

  $2,203,118

  Medical

  $2,278,886

  Retail

  $3,427,072

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6507

Longitude

-97.3153

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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