316-867-3600
7020-7060 E Lincoln St, Wichita, KS for Sale
Freestanding - FOR SALE
1/112
null | Request Cap Rate

May '25


7020-7060 E Lincoln St
Wichita, KS 67207
Eastridge


OVERVIEW

ONLINE ONLY!!! This is an exceptional opportunity to acquire the Lincoln Shopping Center—a well-established strip center offering fantastic potential for investors or business owners looking to expand. The property consists of 7 individual storefronts, with 2 rented on a month-to-month basis, generating immediate income. 7,780 sq. ft. building 7 storefronts, perfect for multi-tenant use Ideal for many business types including retail and office space Each unit has 1-2 bathrooms, one unit has a full kitchen Situated on 0.83 +/- acres Paved parking lot with approximately 40 spaces and 2 curb cuts Freestanding signage & signage on the building Average of 8,640 cars per day Zoned Limited Commercial & Critical Area of Interest: McConnell Air Force Base 7050 E. Lincoln St: Rented at $1,000 per month on a month-to-month basis. This tenant will likely vacate by closing, if not by the end of the year. 7062 E. Lincoln St: Rented at $85 per week on a month-to-month basis. It is believed the beauty shop owns the chairs and furnishings. This property is ready for new ownership to maximize its potential. Whether you're looking for an investment property or a location for your business, the Lincoln Shopping Center is a great property! Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, March 18th, 2025 at 2 PM (cst) | BIDDING CLOSING: Wednesday, April 2nd, 2025 at 2 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. 2 tenants currently occupy the property. There are no written leases available for the property. Any personal property remaining in the property at closing will be considered abandoned property. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($2,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount of $10,000.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

LC

APN/PARCEL ID

119-30-0-24-05-008.00

ASK ABOUT THIS PROPERTY

Braden McCurdyMcCurdy Real Estate & AuctionMore Info
316-867-3600

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Braden McCurdyMcCurdy Real Estate & AuctionMore Info
316-867-3600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.