Redevelopment Opportunity - High Traffic Intersection

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30574027
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 1.76 Acres
Sale Price: $1,375,000
Unit Price: $781,250 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/4/2020

Overview / Comments

- Traffic Counts: 25,510 vehicles per day
- 4 access points from Washington Ave.
- 4 access points from Central Ave.
- 3 access points from Wabash
- 254’ of Washington Ave. frontage
- 288’ of Central Ave. frontage
- An estimated 2,749 residents call our vibrant downtown home
- In the past decade, residential units have doubled and in 2018 over 300 units came online
- The subject property is located minutes from Downtown Wichita
- 39% of the downtown population are ages 20-29 years old
- 4,108,053 sq. ft. of office space in the Central Business District with an occupancy of 85%
- Property is located within the Opportunity Zone

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087125160430501200
Zoning: LIMITED INDUSTRIAL
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,539 133,231 251,110
Median Age: 32.06 32.77 34.12
Households: 4,286 54,368 102,921

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