Crossroads Arts District Restaurant
2016 Central St Kansas City, MO
For Sale
Contact for pricing
Restaurant and event spaces in vibrant downtown Kansas City.
Property Size15,000 SF
Lot Size0.52 Acres
Price / SF$263.33
Days on Market460
Property Features for 2016 Central St
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 0.52 Acres
- Property subtype
- RETAIL
Properties For Sale
at 2016 Central St Contact us
Listing Agency:
Aron Real Estate
(913) 530-6279
Listed By:
Suzie Aron
Source:
Moodyscre
Added: Apr 23, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aron Real Estate
Investment Insights
Based on property information with market context.
Located in the Crossroads Arts District of Downtown Kansas City, this property offers high visibility and foot traffic. The building is suitable for various commercial uses. The property includes second-generation restaurant and event spaces with existing infrastructure, including a fully equipped kitchen and dining areas with furniture, fixtures, and equipment. The 4,200 square-foot space, currently occupied by Lulu’s Thai Noodle Shop, was fully renovated in 2021.
Key Highlights
- Prime location in the heart of the Crossroads Arts District with high visibility and foot traffic.
- Second‑generation restaurant space with fully equipped kitchen and dining areas.
- Existing furniture, fixtures, and equipment (FF&E) included.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $239.4k | $15.96 |
| − Vacancy | −$7.2k | −$0.48 |
| EGI | $232.2k | $15.48 |
| − OpEx | −$58.1k | −$3.87 |
| NOI | $174.2k | $11.61 |
15,000 SF · lease $15.96/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,164 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$2.02M
$1.76M – $2.35M
NOI $141,081 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,099 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Restaurants
Similar Off Market Nearby
- Sidecar Cocktail Catering Co. — 2016 Main St, Kansas City, MO 64108
- Scratch Office Catering — 2300 Main St #160, Kansas City, MO 64108
- Corporate Caterer's — 2631 Holmes St, Kansas City, MO 64108
- Blissful Soul Kitchen — 1432 W Bluff Dr, Kansas City, MO 64108
- The Wild Way Warehouse — 708 E 19th St, Kansas City, MO 64108
FAQs
What type of property is this?
Restaurant - Restaurant and event spaces in vibrant downtown Kansas City.
Where is this restaurant located?
The property is located at 2016 Central St Kansas City, MO.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Prime location in the heart of the Crossroads Arts District with **high visibility and foot traffic**.; Second‑generation restaurant space with **fully equipped kitchen and dining areas**.; Existing furniture, fixtures, and equipment (FF&E) included.
