1501 Douglas AveWichita, KS 67211

For Lease
Call for price

Prime Coworking/Creative Office Space

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional redevelopment opportunity presents 84,070 square feet of office space in the vibrant Douglas Design District, Sedgwick County. Strategically located near the signalized intersection of Douglas and Hydraulic, this single building property offers significant potential. The property features two suites, with 50,000 square feet currently vacant, divisible into spaces ranging from 12,000 to a maximum contiguous 38,000 square feet. Built in 1923, the building boasts 112 parking spaces, a significant advantage in a bustling urban setting. The CBD zoning allows for a variety of uses, making it ideal for a modern coworking space, creative office complex, or a combination thereof. This is a unique chance to capitalize on the area's growth and revitalization. Significant financial incentives are available, including state and federal tax credits, and the property may qualify for property tax abatement. 2023 property taxes totaled $26,366.39 ($26,259.69 general, $106.70 special assessments). This presents a compelling investment opportunity with substantial upside potential in a highly sought-after location. The property's size and flexibility make it suitable for a wide range of development plans, catering to the evolving needs of today's businesses. Don't miss this chance to acquire a landmark property in a rapidly developing area.

Highlights

  • Redevelopment opportunity in Wichita's Douglas Design District, at the Douglas & Hydraulic intersection.
  • 2023 property taxes: $26,366.39.
  • Eligible for state & federal tax credits and potential property tax abatement.
  • 84,070 SF office building, with 50,000 SF currently vacant.
  • Minimum 12,000 SF divisible, maximum 38,000 SF contiguous space available.
  • 112 parking spaces available.

Property Details for 1501 Douglas Ave

Property type
Other office properties, Office space
RSF (Rentable sq. ft)
84,070 SF
Year Built
1923
Buildings
1

Unit(s) available at that property

Space
1ST FLOOR
Size
38,000 SF

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.685428
Longitude
-97.3193223
1501 Douglas Ave, Wichita, Kansas

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1501 Douglas Ave
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