Old Town Redevelopment Opportunity

114 N. Wabash Wichita, KS 67214

114 N. Wabash, Wichita, KS, 67214
114 N. Wabash, Wichita, KS, 67214
FOR SALE FOR LEASE
Property Type:
Industrial
Amount:
$1,100,000
Last Verified:
Sep 23, 2020

Highlights


Description

This 9,532 SF building lends itself to multiple potential uses with its exceptional Downtown Wichita location, the building's open/versatile floor plan, and its tremendous amount of door-side parking. The property is surrounded by local and national retail/restaurant users, office users, industrial users and a number multifamily apartment complexes. The 8 overhead glass doors are not only ideal for an industrial user, they also create a modern feel for a restaurant, bar/club, or an upscale office redevelopment.

This 9,532 SF building lends itself to multiple potential uses with its exceptional Downtown Wichita location, the building's open/versatile floor plan, and its tremendous amount of door-side parking. The property is surrounded by local and national retail/restaurant users, office users, industrial users and a number multifamily apartment complexes. The 8 overhead glass doors are not only ideal for an industrial user, they also create a modern feel for a restaurant, bar/club, or an upscale office redevelopment.

Located in the Central Business District, one block east from Douglas and Washington

Building Size: 9532.0sq ft
Lot Size: 0.73 acres

Units for Lease

114 N. Wabash
Space Available: 9532 SF
Lease Type: NNN

Price Per Sqft/Year: $8.5

Map of 114 N. Wabash, Wichita, KS, 67214

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.