957 S OLIVER AVE Wichita KS 67218

ONLINE ONLY!!! 5,432 square foot commercial building in a prime location right off Oliver in Northeast Wichita! The property includes the paved parking lot directly behind it (958 N. Dellrose Ave). The property is rented for $2,750 a month to the Impact Worship Center, Inc. with a Triple Net lease until 05/04/2024. After that date, rent will increase to $3,000 a month on a month-to-month basis. A $1,500 security deposit was made. Tenants are responsible for all utilities, taxes, insurance premiums, repairs, maintenance, etc. Please refer to the lease in the property information packet for more details. Per the seller updates include new electric service and panels in 2021, new front brick in 2021, concrete work behind the building and a new HVAC unit in 2022.

• Corner Lot

• 957 N. Oliver is zoned Limited Commercial

• 958 N. Dellrose is zoned TF-3 Two Family

• Surrounded by sidewalks

• Marquee Sign

• Large lobby area w/ fireplace

• Large open-spaced gathering room with multiple ceiling fans

• Conference room

• 5 Offices

• 2 Large Restrooms

• Another sitting area with a fireplace

• Nice sized kitchen

• Banquette area with overhead door access

• Approximately 20 parking spots in a paved parking lot with two curb cuts

Great investment opportunity with an annual income of $33,000!

Property offered at ONLINE ONLY auction. | 10% Buyer's Premium will be added to the final bid. | BIDDING OPENS: Tuesday, December 27th, 2022 at 2 PM (cst) | BIDDING CLOSING: Thursday, January 12th, 2023 at 2:10 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment.