Hyde Park Office/Flex Building For Sale

Office for Sale
Sale Pending
Catylist Listing ID: 30583998
Property Subtypes: Mixed Use, Flex Space, Office Building, Other
Status: Pending
Building Size (RSF): 5,400 SF
Gross Land Area: 11,865 SF
Sale Price: $200,000
Unit Price: $37.04 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Hyde Park Office/Flex
Class of Space: Class C
Usable Size (USF): 5,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/27/2020

Overview / Comments

Great opportunity to own an office building/flex space in the rapidly growing Hyde Park area. Full Brick Building with 3600 square feet of office/flex space with one garage/shop space with overhead door, and 1800 additional feet of basement space with kitchen, bathroom, and open office space. This building was formerly the home of the Plumbing Association of Central Kansas where they would offer classes and have meetings. The building has two large meeting rooms, one up and one down, a shop space for Plumbing workshops, and several offices on the main floor. 5 full restrooms, and a full kitchen. Property needs some updating and work completed on it, but has a great upside as an owner/user office space or as an investment.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Taxing Authority: Sedgwick County
Tax ID/APN: 087125210430100700
Zoning: LIMITED INDUSTRIAL
Property Located Between: Waterman & Lewis
Property Visibility: Excellent
Highway Access: 1/4 mile from Kellogg (US 54) (US 400). 1 mile from HWY 135
Airports: 7 miles from Eisenhower National Airport
Site Description: Centrally located in the middle of Wichita, in close proximity to Downtown/Oldtown and within a few blocks of the Douglas Design District.
Area Description: Located in a business district comprised of many shops, business, bars, restaurants, offices. Hyde park is growing community of businesses, offices, breweries, restaurants, shops.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,600 SF
Year Built: 1972
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick Building with steel doors, metal clad windows, one overhead door.
Parking Type: Surface
Parking Description: Blacktop parking lot with 18 dedicated spaces.
Total Parking Spaces: 18
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Interior comprised of one entryway/foyer, 4 offices, 5 restrooms, large open meeting/classroom, and one shop space on the main level. Downstairs is a kitchen and another large meeting/classroom. Carpet on floors, walls are drywall.
Zoning Description: Limited Industrial
Lot Frontage: 75
Lot Depth: 140
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 2 MARTIN MC CLURE ADD.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,383 137,199 258,283
Median Age: 32.22 32.75 34
Households: 4,730 55,726 104,826
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