Multifamily, Office, Senior Living, Daycare.. | 5001 Independence Ave
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Multifamily, Office, Senior Living, Daycare.. 5001 Independence Ave
13,918 SF Retail Building Kansas City, MO 64124 $500,000 ($36/SF)
Investment Highlights
- Price per SF: $35.91
- Ready for leasing with a projected pro-forma NOI of 14.78%
- Eligible for city grants and incentives to enhance ROI
- Church space and seven office units across two stories
- Commercial Kitchen
- High-traffic location with favorable community demographics, excellent accessibility, and flexible zoning
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,918 SF
Building Class
B
Year Built
1981
Price
$500,000
Price Per SF
$36
Tenancy
Single
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.38 AC
Opportunity Zone
Yes
Zoning
B3-2/ICO
Parking
5 Spaces (0.36 Spaces per 1,000 SF Leased)
Frontage
131 FT on Independence Ave
Amenities
- 24 Hour Access
- Tenant Controlled HVAC
Walk Score®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 28-210-03-24-00-0-00-000 | Improvements Assessment | $236,800 |
| Land Assessment | $39,616 | Total Assessment | $276,416 |
PROPERTY TAXES
Parcel Number
28-210-03-24-00-0-00-000
Land Assessment
$39,616
Improvements Assessment
$236,800
Total Assessment
$276,416
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Multifamily, Office, Senior Living, Daycare.. | 5001 Independence Ave
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