1501 Douglas AveWichita, KS 67211

This exceptional 50,000 square foot creative office building presents a unique redevelopment opportunity in Wichita, Kansas's vibrant Douglas Design District. Situated at 1501 E Douglas Ave, this Class B property, built in 1923, boasts a prime location at the signalized intersection of Douglas and Hydraulic avenues. The property is zoned CBD, offering significant flexibility for adaptive reuse. The building's substantial size allows for a wide range of redevelopment possibilities, catering to diverse business needs. This is a chance to capitalize on the area's revitalization and create a landmark property. Significant financial incentives are available to qualified buyers, including the potential for state and federal tax credits, as well as property tax abatement. The 2023 property tax assessment totaled $26,366.39 ($26,259.69 general taxes and $106.70 special taxes). This presents a compelling investment opportunity with substantial upside potential in a rapidly growing area. The property's strategic location and the availability of substantial tax incentives make this a truly remarkable redevelopment prospect. Don't miss this chance to acquire a significant asset in a thriving Kansas community. This is a rare opportunity to shape the future of the Douglas Design District.