2115-2125 31St St, Kansas City, MO 64109
10,658 SF | 11% Leased | Retail Building | Kansas City, MO 64109 | $398,888 ($37/SF)
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 9 days
Asking Price $398,888
- Property Type
-
Retail
- Square Feet
- 10,658 SF
- Price / Square Foot
- $37
Listing Contacts
Yaser Khani
Verified Profile
- Property Info
Property Overview
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! Owner is looking to lease 4 commercial spaces. Current availability is estimated to be 800 SF possible Tire shop, 1000 SF possible Body shop, 1100 SF Beauty Shop, and 1600 SF possible Laundromat. TI negotiable.
Property Details
- Class
- C
- Year Built
- 1900
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential, Loft/Creative Space, Office Live/Work Unit
- Lot Size (sq. ft)
- 5,663 SF
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