25,282 Square Foot Retail Space For Sale @ 4910 E 21st St N

This 25,282 Sq. Ft. retail center at 21st & Oliver St. sits on 3.91 Acres, conveniently located just minutes from Wichita State University and amenities. With the easy access to major highways and proximity to Wichita developments, this property offers a prime investment opportunity. The City is planning to widen Oliver St. and the lot itself is a common cross-lot for surrounding businesses, for increased visibility.

The exterior of the building includes a newer (2 yr. old) TPO roof (Appx. $100K). The building is on separate meters and all new electrical panels. The CH/CA is zoned air.

The building has three tenants, including: Beauty supply store (7,384 Sq. Ft.) at $3,500 per month on a five year lease with previous lease dates 11/10/11-11/10/16. Beauty salon (3,150 Sq. Ft.,) at $1550 per month with a security deposit of $1,000, on a five year lease with lease dates 3/1/15-2/29/20. Church (880 Sq. Ft.) at $450 per month with a security deposit of $450, on a lease with a month-to-month basis. There is a lease agreement with Westar Energy, Inc., lease dates 2/28/17-05/31/17 for part of Lot 2 (See Property Information packet).

The additional 13,868 Sq. Ft. of vacant space includes a rent to own shop (3,600 Sq. Ft.) , a vacant tax office (8,00-1,000 Sq. Ft.) suite 5 (1,800 Sq. Ft.), a mechanical room (300-400 Sq. Ft.) and a storage area for Sun Mart (1,800 Sq. Ft.).

The Sq. Ft. given is approximate and gathered from multiple sources, including the existing leases.