2407 Harry StWichita, KS 67211

For Sale
$355,000

High-yield multi-tenant retail property in Wichita, KS.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional multi-tenant retail investment opportunity is located at 2407 E Harry St, Wichita, Kansas, 67211. The property consists of a single, one-story building totaling 6,532 square feet, currently boasting 100% occupancy. The asking price is $355,000, representing a compelling $54.35 per square foot and a strong 10.23% capitalization rate with a current Net Operating Income (NOI) of $36,304. The property features six individual suites ranging in size from 300 to 1,350 square feet, offering diverse income streams. The lease type is modified, with one year remaining on the current lease. The property is zoned LC - Limited Commercial and includes four lots totaling 21,068 square feet. Landlord responsibilities include property taxes, insurance, and trash removal, while tenants are responsible for utilities, internet, and janitorial services. This turnkey investment presents a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable Wichita location. The strong occupancy rate and attractive cap rate make this an ideal addition to any investment portfolio. The substantial land area offers potential for future expansion or development.

Highlights

  • Multi-tenant retail investment opportunity in Wichita, KS.
  • Limited Commercial zoning (LC).
  • Six suites, 300-1,350 square feet each.
  • 100% occupancy.
  • Landlord pays property taxes, insurance, and trash removal.
  • Tenants pay utilities, internet, and janitorial services.

Property Details for 2407 Harry St

Property type
Other retail properties, Retail properties
Square Feet
6,532 SF
Buildings
1
Stories
1

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.6643384
Longitude
-97.3076766
2407 Harry St, Wichita, Kansas

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2407 Harry St
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