Thomas Graeve 3039629539

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.

111_E_47th_Street_S_OM_Graeve

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Fast Food

Building Size

4,764 SF

Building Class

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

Parking

40 Spaces (8.11 Spaces per 1,000 SF Leased)

Frontage

105’ on E 47th St S

Signalized Intersection

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
E 47th St S	S Broadway Ave, E	11,342	2024	0.04 mi
East 47th Street South	S Broadway Ave, E	11,281	2025	0.07 mi
South Broadway Avenue	S Broadway Ave, E	10,376	2025	0.11 mi
S Broadway Ave	E 48th St S, S	17,875	2025	0.13 mi
South Broadway Avenue	E 46th St S, N	11,899	2025	0.17 mi
S Broadway Ave	E 46th St S, N	11,953	2023	0.17 mi
South Broadway Avenue	E 48th St S, N	17,343	2025	0.20 mi
West 47th Street South	S Seneca St, W	9,832	2025	0.20 mi
East 47th Street South	S Emporia St, NE	22,473	2025	0.36 mi
E 47th St S	S Santa Fe St, E	25,877	2025	0.40 mi