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$1,500,000
Est. payment /mo
90,743 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office Building
Listing Status Active
Purchase Type For Sale
Square Footage 90,743 sqft
Price per Sqft $16
MLS Listing ID 182280
Property Sub-Type Office Building
Property Description
Acquire a 12-story, 90,743 SF downtown building with 190+ parking spaces, a clean structural report, no asbestos issues, no existing bank debt, and a clear path to 50+ multifamily units — all for $1,500,000. That's roughly $16.50/SF for a building appraised at $1,580,000 on an income basis in 2021, with a projected stabilized value between $8.97M and $13.15M.
Location
State TX
County Wichita
Area 15 Wfalls Central
Exterior
Garage Spaces 190.0
Present Use Office
Building
Lot Size Range 0.52 Acres
Others
Tax ID 159520
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Listed by BELL REAL ESTATE LLC
NEARBY SCHOOL & BUSINESS
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