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Jennings Tree & Lawn Care 3425 Terrace St

7,368 SF Industrial Building Kansas City, MO 64111 $1,000,000 ($136/SF)

Investment Highlights

  • Great Midtown location with land - close to all major highway entrances -
  • Secure
  • Can be repurposed for just about anything with ample land area

Executive Summary

The entire property is for sale or lease to own. The warehouse is a 7000sqft Butler Manufactured building with Steel Frame constructions built in 1974. We added a half bathroom with work sized sink and it is insulated for electric heat in the winter. There is also another larger insulated room that fits a truck with equipment on the back we used for keeping spray machine warm when temps fluctuated that is heatable by electric heater in winter. The rest of the building is not currently insulated and the gas company will run gas to the building for a guarantee of a BTU usage monthly. We stored our fleet of vehicles in the building so did not need it to be heated or cooled. The sale includes the 2.93 acres of land that is on both sides of the building and we also own the elevation on the east hill. The entire lot is fenced with new fence in 90% of the runs. The hill is not fenced at the top except for the portion at the farthest north which is fenced at our wall not at our elevation. We have survey from our purchase and updated survey from Anderson Surveyors who did the original survey for when we restaked the corners for new fence installation. There are portions of the fence (if not needed that can be moved to other portions of the fence, we have extra of new gauge fencing we used to replace fence when it got damaged. There are three working overhead doors in the building. 14', and 2 12' doors one is loading dock capable but we installed fence in front of that one as we didn't use it. And the other has an electronic door lift..I added interior photos but they were taken with the intension of selling the items in them not to show the building. But as soon as they are gone I can take intentional photos. Or I am happy to set up appointments to see the inside. I am working on emptying the building of items that are not fixtures. And will be having at least one more sale of items being stored there.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $1,000,000
Price Per SF $136
Sale Type Investment or Owner User
Sale Conditions
Lease Option
  • Short Sale
Property Type Industrial
Property Subtype
Warehouse
  • Flex Research & Development
  • Industrial Distribution
  • OfficeLoft Creative Space
Building Class C
Lot Size 2.93 AC
Rentable Building Area 7,368 SF
No. Stories 1
Year Built 1974
Tenancy Single
Parking Ratio 3.57/1,000 SF
Clear Ceiling Height 20 FT
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 3

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Floor Drains
  • Front Loading
  • Skylights
  • Yard
  • Storage Space
  • Fluorescent Lighting
  • Fiber Optic Internet
  • Smoke Detector

Utilities

  • Lighting - Incandescent
  • Water - City
  • Sewer - City
  • Heating - Electric

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-930-11-04-00-0-00-000
Land Assessment
$33,632 (2024)
Improvements Assessment
$9,984 (2024)
Total Assessment
$43,616 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code M-1 (It is the only property currently M-1 in the 64111 zip code with land.)
M-1 (It is the only property currently M-1 in the 64111 zip code with land.)
  • Listing ID: 31418530

  • Date on Market: 4/4/2024

  • Last Updated:

  • Address: 3425 Terrace St, Kansas City, MO 64111

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