Eaton Place
517 East Douglas Avenue
Wichita, KS 67202
Description
PROVEN VALUE-ADD OPPORTUNITY
Newmark is pleased to present the historic Eaton Place, a premier mixed-use residential and retail asset located in the heart of Wichita, Kansas. Originally constructed in 1886 and extensively renovated in 2000, Eaton Place offers a compelling investment opportunity with 116 residential units and 10 commercial spaces, currently at 87.8% occupancy. Residents enjoy a range of upscale amenities, including secured garage parking, a media theater, fitness center, and clubhouse. The six-story historic property features a distinctive mix of high-ceiling floor plans, in-unit washers and dryers, dishwashers, and ranges. Select upgraded units also include granite countertops. There is demonstrated potential for revenue growth through continued interior unit upgrades, presenting a clear value-add opportunity for investors.
WALKING DISTANCE TO TOP ENTERTAINMENT
Eaton Place boasts a prime location in the heart of downtown Wichita. It is situated within one mile of the city’s premier entertainment destinations, including Equity Bank Park (home of the Wichita Wind Surge Double-A baseball team), INTRUST
Bank Arena, and the Century II Performing Arts Center.
TWO BLOCKS FROM $300 MILLION BIOMEDICAL CAMPUS
Eaton Place is located two blocks from the $300-million Wichita Biomedical Campus, a 471,000 square foot health science facility joint venture between Wichita State University and the University of Kansas. The Biomedical Campus will transform Wichita’s downtown into a prominent center for cutting-edge research and high-value job opportunities. Upon completion in 2027, the campus will house 3,000 medical students and 200 faculty with opportunities for continued growth.
Eaton Place
