Car Lot Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30353769
Property Subtypes: Vehicle Related
Building Size (RSF): 3,200 SF
Gross Land Area: 60,670 SF
Sale Price: $395,000
Unit Price: $123.44 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 3,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/2/2019

Overview / Comments

Great location located on West Street between 2nd Street and Central Ave., on the east side of the street. Traffic count is around 41,000. Former used as a car lot, opportunity to quickly open a new car lot or redevelop the site for other uses. Large parking, located close to Dillon's Grocery, Walgreen's and many restaurants. Property also includes income of the billboard.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 00488193
Retail Clientele: General, Business
Property Located Between: Central Ave and 2nd Street N
Property Visibility: Excellent
Largest Nearby Street: Central Ave
Feet of Frontage: 202
Traffic/Vehicle Count: 41,000
Highway Access: None
Airports: 2.0 miles from ICT
Site Description: Paved parking lot for automotive sales with 3,200 sqft sales office.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,200 SF
Property Condition: Average
Year Built: 1952
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Concrete block construction with flat roof, 8' overhead door on rear of building.
Parking Type: Surface
Parking Description: Paved lot used for car dealership in the past.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: Open showroom with 4-5 small offices, restrooms, waiting area, and vehicle service bay.
Zoning Description: LC (Limited Commercial)
Lot Frontage: 202 Feet
Lot Depth: 300 Feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Sanitary Sewer Easement
Land Ownership: Corporation
Legal Description: W 300 FT LOT 38 EXC N 63 FT KNIGHT ACRES ADDITION

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,646 101,948 222,236
Median Age: 36.4 35.18 34.85
Households: 6,316 42,317 88,195
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