Listed by ReeceNichols South Central Kansas
$1,200,000
749 N West Street
Details
Property Type Retail
Sub Type Storefront
Square Footage 15,108
Cap Rate 5.00%
Occupancy 92%
Tenancy Multi
Lease Type Gross
Remaining Term 3
Year Built 1967
Buildings 1
Stories 1
Acreage 1.320
Zoning Limited Commercial
Retail | 5.00% CAP | 15,108 SF
Marketing 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.
Listing Contacts
Listed by ReeceNichols South Central Kansas
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Zoning
LC CommercialSpecial CommercialLimited Commercial
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