Residential Development & Investment Opportunity

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30728053
Property Subtypes: Multi-Family, Office, Residential (Single Family), Other
Status: Pending
Gross Land Area: 11.65 Acres
Sale Price: $645,000
Unit Price: $55,364 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/7/2021

Overview / Comments

Great development opportunity with a triple net lease in place. This property consists of 11.65 acres, located just west of Woodlawn on the north side of 29th Street, next to the Great Plains Nature Center.

- Monthly lease payment: $3,630/month
- Lease expires at the end of 2024.
- Tenant pays property taxes in addition to monthly lease payment.
- Zoning: LC - Limited Commercial
- Sale Price: $645,000 ($1.27/SF)
- All structures on the land (including five broadcast towers and a 3,000 SF building) belong to the tenant and will stay with said tenant at lease expiration.

Attachments & Media

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087097360430100100
Zoning: LIMITED COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,247 63,410 171,952
Median Age: 30.55 35.03 34.15
Households: 6,604 25,851 69,537

Contact

Photograph of Listing Agent

Drew Gannon

NAI Martens KSCRE Member
Photograph of Listing Agent

Trent Garman

NAI Martens KSCRE Member
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