Crossroads Arts District Restaurant
For Sale
Contact for pricing
2016 Central St, Kansas City, MO
Restaurant and event spaces in vibrant downtown Kansas City.
Property Size15,000 SF
Lot Size0.52 Acres
Price / SF$239.67
Days on Market551
Property Features for 2016 Central St
General Information
Standard status
Active
Size
15,000 SF
Lot size
0.52 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Crossroads
Properties For Sale
at 2016 Central St
2016 Central St
AVAILABLE, Now
Floor
1
Size
10,700 SF
Type
RETAIL
Sublease
No
- Booths and high-top seating areas
- Bar area
- Two additional event rooms
- Expansive outdoor patio
- State of the art projection-screen visual and audio system
Contact us
Listing Agency:
Aron Real Estate
(816) 668-5191
Listed By:
Suzie Aron
(913) 530-6279
Source:
Moodyscre
Added: Apr 23, 2025
Changed: Oct 3
Last Checked: Oct 24 at 8:54PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$174,164
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,483,280
$3.5M
Cap Rate 7%
$2,488,057
$2.5M
Cap Rate 9%
$1,935,156
$1.9M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$239.4K $15.96/SF
− Vacancy
−$7.2K −$0.48/SF
EGI
$232.2K $15.48/SF
− OpEx
−$58.1K −$3.87/SF
NOI
$174.2K $11.61/SF
Area
Kansas City, MO
Vacancy
3.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,483,280
Cap Rate 7%
$2,488,057
Cap Rate 9%
$1,935,156
Alternative Uses
Best Use
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,164 @ 7.0% cap · market cap 4.84%
Second Best
Retail
$2.02M
$1.76M – $2.35M
NOI $141,081 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,099 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,130
Businesses Nearby
29k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 28%
Hotels & Casinos 26%
Cafe Gratitude
Dining
4,897 visits/mo
0.0 miles
Hotel Indigo Crossroads KC
Hotels & Casinos
3,811 visits/mo
0.3 miles
Home2 Suites Kansas City Downtown
Hotels & Casinos
3,508 visits/mo
0.3 miles
Artist & Craftsman Supply
Shops & Services
3,449 visits/mo
0.1 miles
UMB Bank
Shops & Services
3,295 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Kansas City, MO
Similar Off Market Nearby
- Corporate Caterer's — 2631 Holmes St, Kansas City, MO 64108
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- Blissful Soul Kitchen — 1432 W Bluff Dr, Kansas City, MO 64108
- Sidecar Cocktail Catering Co. — 2016 Main St, Kansas City, MO 64108
- The Wild Way Warehouse — 708 E 19th St, Kansas City, MO 64108
Frequently Asked Questions
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 $3,595,000.
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.
