Kansas City MO Real Estate & Commercial for Sale

Drive by and take a look at this great property!

Offering this 10 unit mixed use asset with significant value add and development potential at $50K/door! 5 residential and 5 commercial spaces. Rehab the large residential spaces and occupy at market rates. Commercial spaces can be rented with triple net leases allowing an owner's costs to be 100% covered by the tenant! Hair Salon, mechanic shop, coffee shop and laundromat are a few explored ideas for the commercial spaces. Whether it's a business owner looking to run their own business and earn some cash flow, an investor holding for the long term, or a flipper looking to earn substantial returns post rehab, the options are endless. Bonus: Large parcel of land included. Land can be used to develop several multifamily units or an additional mixed use asset. Located in an opportunity zone, tax credits and city funding could be utilized to further enhance one's return!

Parcel also includes 1808 E 39th Street consisting of two (2) buildings: 3,180 sf, 1 story, multi-tenant mixed-use retail building and 5,273 sf warehouse building with bowstring truss. Being sold in "as-is" condition. They are in need of complete redevelopment to include new roofs, mechanical, electrical & plumbing. Also has potential for new retail development. Site is 0.29 acres with 119' frontage on high-traffic gateway to midtown 39th Street corridor. Excellent visibility & direct access to US 71 Hwy. Ivanhoe Neighborhood within Urban Renewal District (URD) & Enterprise Zone. Also located in the Central City/KC CUR Opportunity Zone. Eligible for New Markets Tax Credit (NMTC) Program.Property is not associated with, endorsed by or sponsored by the businesses identified. The information regarding the subject property is from sources deemed reliable. It is subject to verification. No liability for errors or omissions is assumed. Property may be withdrawn from the market or transacted. The price is subject to change.

Gorgeous Troost Corridor building in very good condition. This all concrete construction building has 4 floors including leased basement. Each floor is a 4,000 s/f floorplate with concrete support pillars and very high ceilings. Great for retail, office and/or owner occupancy. It also includes an 1,800 s/f garage with 3 bays and vacant strip of land adjacent to property, perfect for parking lot development. This building has newer roof and new windows, electrical service and hvac and has been kept in very good repair. Excellent opportunity with rare to find quality building. Major development just South of property including a bank retail branch.

New Reduced Price! Terrific location and in PIEA district - offering 100% tax abatement for ten years! Then 50% for 15 years! Priced at approx. $14/SF for development in hot area! Many new exciting development projects nearby on Troost including the four corner multi family mixed use project two blocks south at Amour & Troost. Economically interesting with opportunity for creative business projects, and possibility to build with adjoining property also on market. Phase 1 Report is available with accepted offer. This property is cross listed with MLS 2309935 under commercial land. Please contact listing agent with questions.