822 S Broadway Ave, Wichita, KS 67211

Property Description

LIVE ONSITE & ONLINE AUCTION: Prime Turnkey Restaurant Opportunity – Selling February 7th! Seize this exceptional opportunity to acquire a high-visibility commercial asset via LIVE AUCTION on Saturday, February 7th, 2026 at 2:00 PM CST. Pre-bidding is available online starting January 31st at 2:00 PM CST. The former home of Tom's Lotus Garden (4,088 SF freestanding building + 1,140 SF basement) is strategically located just minutes from Wichita’s burgeoning downtown core. Capitalize immediately on the massive growth driven by the nearby Wichita Biomedical Campus and the Kansas College of Osteopathic Medicine (KansasCOM). Property Highlights: Turnkey Ready: Sale includes all Furniture, Fixtures, and Equipment (FF&E). Perfect for immediate re-opening or concept pivot. Strategic Location: Positioned for high traffic and future growth in a redevelopment-heavy corridor. Solid Infrastructure: Durable concrete block and attractive brick veneer. Expansion Potential: Valuable 1,140 SF storage basement. --- AUCTION TERMS & CONDITIONS SUMMARY --- Auction Date: Saturday, February 7, 2026, at 2:00 PM CST (Live Onsite & Online). Pre-Bidding: Starts Saturday, January 31, 2026, at 2:00 PM CST. Buyer’s Premium: A 10% Buyer’s Premium will be added to the final winning bid to determine the final contract price. Deposit: A non-refundable deposit of $5,000 is due the day of auction upon execution of the purchase agreement. Sale Type: Reserve Auction. The property is being sold "AS-IS, WHERE-IS" and without warranty or guarantee. Bidding is NOT Contingent: Bidding is not contingent on financing, inspections, or appraisals. Buyers are responsible for completing all due diligence PRIOR to bidding. Closing: Closing within 30 days. INVESTORS, RESTAURATEURS, AND DEVELOPERS: Don't miss the chance to secure this property on your terms. Contact us today for a full Bidder's Package and inspection schedule!