Office Vacant-User
Vacant - Apartment Conversation Opportunity
111 W Douglas Ave, Wichita, KS 67202
Listing Price: $6,000,000
Investment Overview
Marcus & Millichap is pleased to present the vacant Century Plaza Office building, a prime redevelopment opportunity located in downtown Wichita, Kansas. Constructed in 1928, this 10 story office tower encompasses 137,432 square feet and features small floor plates, making it well suited for apartment conversion. The property is strategically positioned adjacent to the proposed $400 million renovation plan for Century II, Bob Brown Expo Hall, and the old downtown library building. State and federal tax credits are highly probable (hard & soft cost)
According to DowntownWichita.org, a recent feasibility study indicates a strong demand for over 5,000 apartment units in the area. The study specifically highlights the Wichita Biomedical Campus, a $300 million joint venture between Wichita State University and the University of Kansas, situated just 1,000 feet from the property. Groundbreaking for the campus occurred in Spring 2024, with an anticipated opening in Fall 2026.
Downtown Wichita boasts a vibrant and diverse community, enriched by a robust arts and culture scene. It features dozens of delightful local restaurants and hosts numerous popular events throughout the year.
Vacant - Apartment Conversation Opportunity
Investment Highlights
- Prime Redevelopment Opportunity: Vacant Century Plaza Office Building Located in Downtown Wichita, Kansas | Small Floor Plates, Well Suited for Apartment Conversion
- Built in 1928, 10-Story Office Tower Encompasses 137,432 SF | State and Federal Tax Credits, Covering Both Hard and Soft Costs, are Highly Probable, Enhancing the Financial Feasibility of Redeveloping
- Strategically Positioned Adjacent to the Proposed $400 Million Renovation Plan for Century II, Bob Brown Expo Hall, and the Old Downtown Library Building
- High Demand for Housing: According to DowntownWichita.org, a Recent Feasibility Study Shows a Demand for Over 5,000 Apartment Units in the Area
- Proximity to Major Development: The Wichita Biomedical Campus, a $300 Million Collaboration between Wichita State University and the University of Kansas, is Located just 1,000 Feet from the Property
Exclusively Listed By
Listing Price: $6,000,000
Investment Highlights
- Prime Redevelopment Opportunity: Vacant Century Plaza Office Building Located in Downtown Wichita, Kansas | Small Floor Plates, Well Suited for Apartment Conversion
- Built in 1928, 10-Story Office Tower Encompasses 137,432 SF | State and Federal Tax Credits, Covering Both Hard and Soft Costs, are Highly Probable, Enhancing the Financial Feasibility of Redeveloping
- Strategically Positioned Adjacent to the Proposed $400 Million Renovation Plan for Century II, Bob Brown Expo Hall, and the Old Downtown Library Building
- High Demand for Housing: According to DowntownWichita.org, a Recent Feasibility Study Shows a Demand for Over 5,000 Apartment Units in the Area
- Proximity to Major Development: The Wichita Biomedical Campus, a $300 Million Collaboration between Wichita State University and the University of Kansas, is Located just 1,000 Feet from the Property
Investment Overview
Marcus & Millichap is pleased to present the vacant Century Plaza Office building, a prime redevelopment opportunity located in downtown Wichita, Kansas. Constructed in 1928, this 10 story office tower encompasses 137,432 square feet and features small floor plates, making it well suited for apartment conversion. The property is strategically positioned adjacent to the proposed $400 million renovation plan for Century II, Bob Brown Expo Hall, and the old downtown library building. State and federal tax credits are highly probable (hard & soft cost) According to DowntownWichita.org, a recent feasibility study indicates a strong demand for over 5,000 apartment units in the area. The study specifically highlights the Wichita Biomedical Campus, a $300 million joint venture between Wichita State University and the University of Kansas, situated just 1,000 feet from the property. Groundbreaking for the campus occurred in Spring 2024, with an anticipated opening in Fall 2026. Downtown Wichita boasts a vibrant and diverse community, enriched by a robust arts and culture scene. It features dozens of delightful local restaurants and hosts numerous popular events throughout the year.
Exclusively Listed By
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