8202-8350 E Bannister Rd Kansas City, MO 64134

This portfolio features two assets suitable for redevelopment. The first property, located at 8202 E Bannister Rd, is the Robandee Shopping Center, a neighborhood retail center with 106,750 square feet on 10.54 acres of land. Constructed in the late 1960s, the multi-tenant building includes 27 units, a large monument sign, and approximately 360 asphalt-paved parking spaces. The property is currently occupied by month-to-month retail tenants. The second property, located at 8500 E Bannister Rd, is an 18,750-square-foot office/retail building on 1.19 acres of land. Built between 1975 and 1980, it was initially an indoor roller skating facility, later converted into a furniture retail store around 1986, and then into offices in 2000. The building is currently vacant and in various stages of disrepair. Zoned B3-2, Community Business, the properties have approximately 849 feet of frontage on E Bannister Rd and 462 feet of frontage on James A Reed Rd, with access from Wallace Ave. Situated within a continuously distressed census tract, the E Bannister Planned Industrial Expansion Area (PIEA), the site is eligible for tax abatement of 100% of the increased property taxes for 10 years, followed by up to 15 years of 50% tax abatement. The location is near the Oracle Cerner - Innovations Campus, one of Kansas City’s largest employers, which is planning to develop over 200 acres into an office park, spurring nearby hospitality, retail, sports, single-family homes, and multi-family development. The site offers access to Interstates 470, 435, 70, and Highways 71 and 350.