940 Waco AveWichita, KS 67203

Property Details for 940 Waco Ave

Year built

1960

Construction

FRAME

Lot size

0.27 AC

Property size (Sq ft)

9,959 SF

Property type

Medical offices

Property subtype

Medical centers

APN

087-124-17-0-42-01-002.00

APU

87124170420100200

Description

This exceptional free-standing office building, located at 940 N Waco Ave in Wichita, Kansas, presents a unique opportunity. Boasting 9,959 square feet of versatile space, this Class B property offers a desirable blend of private offices and open areas, perfect for a variety of businesses. Built in 1960, the building sits on a substantial 25,700 square foot lot and includes 57 parking spaces, ensuring ample convenience for employees and clients. The property is zoned GC/LI and is situated in Sedgwick County, offering easy access to the Central Business District, courts, county offices, and city offices. Its prime midtown location provides excellent visibility and accessibility. The entire 9,959 square feet is currently vacant, allowing for immediate occupancy and customization to suit your specific needs. This single-tenant building presents a rare chance to secure a well-located, spacious office property with significant parking in a thriving Wichita neighborhood. The property's flexible layout caters to various office configurations, from traditional to coworking or creative office spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $1,534,917

  6.5%

  $1,416,846

  7%

  $1,315,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,198,267

  Geo Method

  $1,198,267

• Alternative Use

  Use

  Valuation

  Residential

  $1,756,889

  Hospitality

  $1,609,301

  Educational

  $1,338,920

  Medical

  $1,384,967

  Retail

  $2,082,764

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7

Longitude

-97.3416

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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