Description
West Wichita Retail Investment Property! HIGH TRAFFIC AREA & FRONTAGE, HIGH VISIBILITY, AMPLE PARKING. This quality investment property is comprised of 8 rentable suites in a well sought out area along West St. The majority of the suites are occupied on gross leases with long term month to month tenants adding value for the next owner to increase rents with longer term leases. The sizes of these suites along with the location and visibility has provided the owner with a history of higher occupancy rates. Currently one suite is available as the owner was using for their own use and is ready to be leased. The annual gross potential income is $99,300.00. The total lot size is approximately 1.32 acres. The total building size is approximately 15,108 SF. The property is zoned Limited Commercial. We are showing the taxes at approximately $17,904.3. The building was built in 1967. Rent roll and pro forma available upon request. Please DO NOT DISTURB TENANTS! No showings until we have come to an agreement in LOI or contract form.
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0BEDS
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1.32ACRES
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0BATHS
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01/2 BATHS
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15,108SQFT
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$79$/SQFT
School Ratings & Info
Listing information © 2023 South Central Kansas MLS.
Listing provided courtesy of Jake Steven of Reece Nichols South Central Kansas .
Description
West Wichita Retail Investment Property! HIGH TRAFFIC AREA & FRONTAGE, HIGH VISIBILITY, AMPLE PARKING. This quality investment property is comprised of 8 rentable suites in a well sought out area along West St. The majority of the suites are occupied on gross leases with long term month to month tenants adding value for the next owner to increase rents with longer term leases. The sizes of these suites along with the location and visibility has provided the owner with a history of higher occupancy rates. Currently one suite is available as the owner was using for their own use and is ready to be leased. The annual gross potential income is $99,300.00. The total lot size is approximately 1.32 acres. The total building size is approximately 15,108 SF. The property is zoned Limited Commercial. We are showing the taxes at approximately $17,904.3. The building was built in 1967. Rent roll and pro forma available upon request. Please DO NOT DISTURB TENANTS! No showings until we have come to an agreement in LOI or contract form.
This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2023 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-09-24T20:00:42.893.