McCurdy Absolute Auction - September 20th @ 2:00 PM

Office for Sale
Sale Pending
Catylist Listing ID: 30327284
Property Subtypes: Mixed Use, Office Building
Status: Pending
Building Size (RSF): 7,355 SF
Gross Building Area: See Agent
Gross Land Area: 0.43 Acres
Sale Price: See Agent
Ceiling: 16 ft.
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Other
Up For Auction: Yes
Auction Type: Absolute
Cap Rate: Undisclosed
Average Occupancy Rate: 50
Last Updated: 11/28/2018

Overview / Comments

Live and online. NO MINIMUM, NO RESERVE!!! Offering a fantastic business opportunity! Located in downtown Wichita at the corner of 9th and Main, this 7,355 square foot office building has two units with a current annual income of $16,800. The building was previously leased for $5,600 a month at full capacity - this is a potential annual total of $67,200! The 1,800 square foot unit on the north side of the building is currently leased by a long-term, 20 year tenant for $1,400. The unit on the south side of the building is currently vacant and, with a combination of an office and warehouse, lends itself to a variety of possible uses. Zoned GC- General Commercial.

This brick and stucco exterior building is located on a spacious corner lot with a large paved parking lot offering up to twenty-five parking spaces. Street parking is available for additional parking when needed. The building features security amenities including a security system and fencing on two sides. Utilities include gas, electricity, city water, city sewer, and central heat/air.

The occupied unit on the north side of the building includes an inviting lobby, eight offices, a conference room, a kitchen, and two bathrooms. The 5,555 square foot vacant unit features a large, open office space with built-in shelving. You will also find two separate offices, a conference room (or third office), storage room with floor-to-ceiling shelving, a kitchen, bathrooms, and a 2,452 square foot warehouse. The warehouse offers a small crane and two overhead doors - 8 foot in height and 12+ foot in width. An additional space heater is also located in the warehouse.

Per the seller, the two rooftop heat/air conditioning units on the north side of the building are new as of 2017.

This is a great investment opportunity! Schedule your private showing today!
DISCLOSURES

Some items currently at the building may be purchased by the buyer of the real estate after the auction. These items include cubicles and a refrigerator.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Zoning: GC - GENERAL COMMERCIAL
Site Description: NO MINIMUM, NO RESERVE!!! Great opportunity to purchase a 6,532 SF multi-purpose commercial building on a nearly 1/2 acre corner lot!
Area Description: Conveniently located on E. Harry only moments away from I-35, this commercial building is located on paved, high visibility frontage. Formerly a craft shop, this is a business opportunity that can lend itself to a variety of uses. Zoned LC-Limited Commercial.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,532 SF
Year Built: 1972
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: This brick and stucco exterior building is located on a spacious corner lot with a large paved parking lot offering up to twenty-five parking spaces. Street parking is available for additional parking when needed. The building features security amenities including a security system and fencing on two sides. Utilities include gas, electricity, city water, city sewer, and central heat/air.
Parking Type: Surface
Parking Description: There is a large paved parking lot offering up to twenty-five parking spaces. Street parking is available for additional parking when needed.
Total Parking Spaces: 25
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: The occupied unit on the north side of the building includes an inviting lobby, eight offices, a conference room, a kitchen, and two bathrooms. The 5,555 square foot vacant unit features a large, open office space with built-in shelving. You will also find two separate offices, a conference room (or third office), storage room with floor-to-ceiling shelving, a kitchen, bathrooms, and a 2,452 square foot warehouse. The warehouse offers a small crane and two overhead doors - 8 foot in height and 12+ foot in width. An additional space heater is also located in the warehouse.
Zoning Description: GC - General Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 1 ALL WEATHER ADD.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,521 111,552 238,029
Median Age: 32.14 33.3 33.95
Households: 5,890 45,186 97,041

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