620 E Douglas Ave
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620 E Douglas Ave
9,000 SF 100% Leased Retail Building Wichita, KS 67202 $650,000 ($72/SF)
Executive Summary
Redevelopment opportunity.
Iconic downtown mixed usage.
Building opportunity.
Historical designation eligible.
Potential residential loft capabilities.
Close proximity to Naftzger Park, Cargill.
Iconic downtown mixed usage.
Building opportunity.
Historical designation eligible.
Potential residential loft capabilities.
Close proximity to Naftzger Park, Cargill.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,000 SF
Building Class
C
Year Built
1912
Price
$650,000
Price Per SF
$72
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.58
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
CBD
Parking
6 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
76 FT on E Douglas Ave
Walk Score®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 125-21-0-23-08-014.00 | Total Assessment | $55,600 |
| Land Assessment | $5,125 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $50,475 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
125-21-0-23-08-014.00
Land Assessment
$5,125
Improvements Assessment
$50,475
Total Assessment
$55,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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620 E Douglas Ave
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