Delano Development Land

Vacant Land for Sale
Catylist Listing ID: 30739208
Property Subtypes: Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 7,548 SF
Sale Price: $62,500
Unit Price: $8.28 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2021

Overview / Comments

Opportunity to purchase land in the Delano District that has seen more than $200 million in development and more than $150 million in planned developments.

- Layout approved for multiple drives onto 2nd Street, allowing for multi-family development (4-8 units), a flex space warehouse, or different use.
- Billboard Lease has 3.5 years remaining on current term.
- Options run until 2035 with 10% rental increases every 5 years.
- Current Billboard Lease Income: $1,098/year

Attachments & Media

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087124200230300900
Zoning Description: GC - General Commercial

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,180 117,163 242,468
Median Age: 34.38 33.79 33.58
Households: 5,529 47,745 97,569


Photograph of Listing Agent

Drew Gannon

NAI Martens KSCRE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kansas Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.