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111 E 47th St S 4,764 SF Retail Building Wichita, KS 67216 $2,099,000 ($440.60/SF)
INVESTMENT HIGHLIGHTS
- Full turn access onto E. 47th Street, quick access to I-135
- 40 surface parking spaces, and previously used double drive-thru windows could be re-opened
EXECUTIVE SUMMARY
Everything’s new but the walls! New roof, new windows, new HVAC, new electric, new plumbing, new walk-ins, new cooktops, new interior finish — fully renovated in 2021, this converted former Burger King was one of only a handful of full-service restaurants in this part of Wichita. Strong traffic counts and demographics, along with a lack of competing businesses make this a perfect location for an owner-user to expand their fast casual dining concept. Includes all equipment and fixtures.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,764 SF
Building Class
C
Year Built/Renovated
1999/2021
Price
$2,099,000
Price Per SF
$440.60
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.67 AC
Zoning
LC
Parking
40 Spaces (8.11 Spaces per 1,000 SF Leased)
Frontage
105’ on E 47th St S
AMENITIES
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 214-20-0-11-01-002.00C | Improvements Assessment | $130,275 |
| Land Assessment | $45,650 | Total Assessment | $175,925 |
PROPERTY TAXES
Parcel Number
214-20-0-11-01-002.00C
Land Assessment
$45,650
Improvements Assessment
$130,275
Total Assessment
$175,925
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111 E 47th St S
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