NW Corner S. Broadway & 58th St

Retail-Commercial for Sale
Catylist Listing ID: 30653784
Property Subtypes: Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 1,008 SF
Gross Land Area: 69,696 SF
Sale Price: $175,000
Unit Price: $173.61 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: To Be Re-zoned per your use
Sale Terms: Cash to Seller, Purchase Money Mortgage, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 10/29/2020

Overview / Comments

For Sale or Build to Suit on this 1.6 Acre hard corner of 58th and So. Broadway.
Current land USE is residential with a rental home on a month to month lease at $1,000 per month Gross Income, tenant pays all utilities and trash. Two lots make up this square shaped site with access from 58th St on the south as well as 234.3 feet of Broadway frontage. The lot is 274 feet deep. House is serviced by Well Water but there is City Water to the site just needs to be tapped in to connect. There is a corner right of way angled off for future expansion of 58th St. Property to the North is Zoned General Commercial, all property to the east is zoned LC Limited Commercial. Owner will Build to Suit for tenant and will work with buyer to acquire Zoning change to Buyers or Tenants use.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Taxing Authority: Sedgwick County
Tax ID/APN: 087219290110202400B & 087219290110202400A
Zoning: SF-5
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: 55th St South and 63rd St South
Property Visibility: Excellent
Largest Nearby Street: Broadway
Feet of Frontage: 234
Highway Access: Hwy 81 is Broadway or north to 47th St to access I-35 and Turnpike
Airports: Dwight S Eisenhower Airport
Site Description: 234.3 FT Frontage X 274 Ft Deep
Area Description: Area business' includes Quik Trip, Walgreens, Auto Sales, Churches, Self storage, CBD, Auto repair, General Merchandise Retail and various Mobile Home Parks.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 50,000 SF
Property Condition: Fair
Year Built: 1920
Year Renovated: 2018
Construction/Siding: Panelized
Exterior Description: Current rental home clapboard and original garage, newer garage is siding and all have composition roof.
Parking Type: Structure, Surface, Other
Parking Description: Currently Ingress Egress with 2 garages and pad parking. Will Build to Suit - how many do you need?
Sprinklers: To Suit, None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Window Unit
Internet Access: Cable, DSL, Satellite
Interior Description: 2 Bed 1 Bath Rental on Month To Month lease at $1.000 per month
Zoning Description: Property to the North is Zoned General Commercial, all property to the east is zoned LC Limited Commercial. Owner will Build to Suit for tenant and will work with buyer to acquire Zoning change to Buyers or Tenants use.
Lot Frontage: 234.3
Lot Depth: 274
Water Service: Municipal, Well
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: Utilities and City Water to the site but not yet tapped. House serviced by Well
Land Ownership: Corporate
Legal Description: LOT 4 EXC E 33.5 FT FOR ST VANDALE ANNEX AND LOT 5 EXC BEG NE COR S TO SE COR W 170 FT NELY 138.9 FT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,329 43,468 116,526
Median Age: 35 33.31 33.23
Households: 1,965 16,211 44,155
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