$500,000
5001 Independence AVE Kansas City, MO 64124
36
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Listed by TJ Jebali • KW KANSAS CITY METRO
$500,000
Est. payment /mo
0.38 Acres Lot
Active
5001 Independence AVE Kansas City, MO 64124
UPDATED:
11/08/2024 06:23 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2519056
Originating Board hmls
Year Built 1981
Annual Tax Amount $21,304
Lot Size 0.381 Acres
Acres 0.3813361
Property Description
Prime Investment Opportunity at 5001 Independence Ave, Kansas City, MO 64124!
Versatile property with tremendous potential: two buildings totaling 13,918 SF on a spacious 0.38-acre lot, priced at just $35.91 per SF. Featuring a church space and seven office units across two stories, this property is well-suited for a variety of uses, including religious organizations, office rentals, multifamily, senior living, and more. Currently vacant, this value-add property offers a projected pro-forma NOI of 14.78%, making it a high-yield addition to any portfolio.
Located in an Opportunity Zone, it?s eligible for city grants and incentives, including Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs, designed to boost ROI. Situated in a high-traffic area with strong community demographics, this property benefits from excellent accessibility, flexible zoning, and solid construction.
Capitalize on a property with robust income potential and city-supported growth incentives.
**Disclaimer**:
All information provided in this listing is deemed reliable but is not guaranteed. Buyers and their agents are advised to independently verify all details, including but not limited to property features, measurements, and any other information with the seller or their agent prior to making decisions.
Versatile property with tremendous potential: two buildings totaling 13,918 SF on a spacious 0.38-acre lot, priced at just $35.91 per SF. Featuring a church space and seven office units across two stories, this property is well-suited for a variety of uses, including religious organizations, office rentals, multifamily, senior living, and more. Currently vacant, this value-add property offers a projected pro-forma NOI of 14.78%, making it a high-yield addition to any portfolio.
Located in an Opportunity Zone, it?s eligible for city grants and incentives, including Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs, designed to boost ROI. Situated in a high-traffic area with strong community demographics, this property benefits from excellent accessibility, flexible zoning, and solid construction.
Capitalize on a property with robust income potential and city-supported growth incentives.
**Disclaimer**:
All information provided in this listing is deemed reliable but is not guaranteed. Buyers and their agents are advised to independently verify all details, including but not limited to property features, measurements, and any other information with the seller or their agent prior to making decisions.
Location
State MO
County Jackson
Interior
Interior Features Inside Storage, Private Restroom
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Storm Sewer, Water/Sewer
Others
Acceptable Financing Cash, Conventional, 1031 Exchange, Option To Buy, Other, Private
Listing Terms Cash, Conventional, 1031 Exchange, Option To Buy, Other, Private
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