2020 Walnut St, Kansas City, MO

Listing office Aron Real Estate Show Phone

Listing date Dec 22, 2023

Source Moodyscre

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Overview

Located in Kansas City's Crossroads District, the Superior Buildings site at 2020 Walnut Street presents a redevelopment opportunity. The site includes approximately 73,000 square feet of existing space across two buildings. The offering includes two buildings, with a total of ten floors, including lower levels. Each building footprint is approximately 102 feet by 72 feet, or 7,344 square feet. The buildings have been demoed and remediated to a clean and clear shell. The buildings are listed on the national register. The buildings are suited for dynamic office space. Incentives are available, including Economic Activity Taxes (EATs) Reimbursement, which includes KCMO Earnings Tax. The reimbursement amount will likely be $5,000,000+. Additional incentives include Community Improvement District (CID) approval for sales tax collection and Freight House Village Planned Industry Expansion Authority (PIEA), offering a 75% tax abatement for 10 years, plus a 37.5% tax abatement for 5 years and exemption from construction material sales taxes.

Suggested Use

Real Estate Agency Spa & Massage Center Restaurant Hair Salon Dental Office Nail Salon Building Supply Daycare Center Pharmacy Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Kansas City

County

Platte

State

Missouri

Longitude

-94.583

Latitude

39.0882

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FAQs

What type of property is this?

Office building - Two buildings totaling 73,440 SF in Kansas City.

Where is this office building located?

The property is located at 2020 Walnut St Kansas City, MO.

What are key features of this property?

This property features: Significant tax incentives already in place, including EATs reimbursement likely exceeding $5,000,000, CID approval for sales tax collection, and a PIEA offering a 75% tax abatement for 10 years followed by a 37.5% abatement for 5 years, plus exemption from construction material sales taxes.; Prime redevelopment opportunity in Kansas City's Crossroads District.; Two buildings with approximately 73,000 square feet of existing space.