Old Town Warehouse

Industrial for Sale
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30588354
Property Subtypes: Mixed Use, Office Showroom, Research & Development, Warehouse/Distribution
Building Size (RSF): 35,000 SF
Gross Building Area: 49,000 SF
Gross Land Area: 31,500 SF
Sale Price: $795,000
Unit Price: $22.71 PSF
Docks/Doors: 1 Dock, 2 Doors
Drive In Bays: 1 Bay
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Massey Building
Usable Size (USF): 49,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/23/2021

Overview / Comments

Historic Old Town Warehouse. Originally a warehouse/distribution facility for Massey Hardware. Renovated for office use by Printing Inc. in the nineties. Heavy wood timber columns and floors. Excellent candidate for office/showroom/warehouse and HISTORIC TAX CREDITS.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $5,754 (Annual)

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Taxing Authority: Sedgwick County
Tax ID/APN: 087125210220800100A
Zoning: CBD
Property Located Between: St. Francis, 3rd St. & 2nd St.
Highway Access: 3/4 mile from US 54/400 1 mile from I-235
Airports: Eisenhower International 6 miles
Site Description: Adjacent to Groover Labs and WAVE along the St. Francis Entertainment Corridor
Area Description: Over 40 restaurants, bars and attraction within 2 blocks in the Old Town area. The St. Francis Entertainment Corridor features Intrust Bank Arena, Naftzger Park/Evergy Stage, Barleycorns, Bite Me BBQ, Nortons, Loony Bin, Cocoa Dolce, Groover Labs and WAVE.
Number of Stories: 3
Typical SF / Floor: 14,000 SF
Property Condition: Fair
Year Built: 1890
Year Renovated: 1995
Roof Type: Other
Construction/Siding: Stone
Exterior Description: Historic building with interesting facade detailing on all 4 sides. Faced with painted stone and brick. Most windows have been filled in.
Parking Type: Surface
Parking Description: 52 paved, 32 gravel
Total Parking Spaces: 84
Freight Elevators: 1
Sprinklers: Wet
Zoning Description: CBD
Lot Frontage: 150
Lot Depth: 240
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,384 135,100 251,799
Median Age: 31.38 33.1 33.98
Households: 4,894 55,066 102,871
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