3006 Cherry St Kansas City, MO 64108

This is a prime urban infill development opportunity positioned for tax-advantaged upside in the heart of Kansas City's fast-evolving core. Located at 3006 Cherry Street, this parcel is approximately 12,082 square feet and zoned M1-5, offering flexibility for commercial, mixed-use, and creative industrial concepts, with potential for tax abatement and Opportunity Zone strategies. The buyer is responsible for verifying eligibility and program requirements. Situated just east of Downtown and minutes from the Crossroads and Crown Center, the site is within a corridor experiencing sustained reinvestment, rising residential density, and expanding employment bases. This positioning creates a framework for long-term capital gains deferral, abatement-driven NOI enhancement, and exit value compression through modern infill product. The property is located in an Opportunity Zone-eligible area, with potential for deferral and reduction of capital gains with long-term hold strategies. Local tax abatement potential exists, as Kansas City incentive programs may materially reduce real estate taxes during early years, improving project feasibility and cash flow. The M1-5 zoning supports adaptive reuse, light industrial, office, showroom, studio, and select residential or mixed-use applications, allowing creative structuring to maximize incentives. The site is a flat, utility-served lot with access and visibility in a central urban location with redevelopment momentum and proximity to Downtown, Crossroads, Crown Center, and major highway corridors. It is ideal for developers, owner-users, or investors seeking a tax-efficient infill strategy.