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: GENERAL COMMERCIAL
Zoning Description: GC - General Commercial

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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

Contact

Photograph of Listing Agent

Drew Gannon

NAI Martens KSCRE Member
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