Specialty Property with Owned
For Sale
Contact for pricing
2939 Cherry Street, Kansas City, MO 64108
Income-producing specialty property with an in-place tenant, M1-5 zoning, and owned solar infrastructure.
Property SizeContact for details
Days on Market147
Property Features for 2939 Cherry Street
General Information
Standard status
Active
Property subtype
Special Purpose
Zoning
M1-5
Occupancy
100%
Lease Type
Gross
Additional Details
Cap Rate
6.77%
Amenities
solar panels
Building Details
Year Built
1986
Tenancy
Single
Listing Agency:
Wardell & Holmes Real Estate
(816) 806-9492
Listed By:
Andrea Wardell · License #2008131950
Source:
Crexi
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 3:52AM
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 Wardell & Holmes Real Estate
Investment Insights
Based on property information with market context.
This 1986-built specialty property is leased to an established tenant through May 2027 and includes owned solar panels. The existing lease provides ongoing occupancy, while the solar infrastructure may help reduce utility exposure and support operating-cost stability. The property is zoned M1-5 and is located in Kansas City's Longfellow neighborhood.
The asset is operating at an approximate 6.77% capitalization rate based on current financials. The current tenant also holds a First Right of Refusal, establishing a defined provision for future sale considerations. The lease term creates an interim income period before potential occupancy by a future owner after expiration. Full lease documentation and T-12 financials are available for qualified buyers.
The asset is operating at an approximate 6.77% capitalization rate based on current financials. The current tenant also holds a First Right of Refusal, establishing a defined provision for future sale considerations. The lease term creates an interim income period before potential occupancy by a future owner after expiration. Full lease documentation and T-12 financials are available for qualified buyers.
Key Highlights
- Leased to an established tenant through May 2027
- Approximate 6.77% capitalization rate based on current financials
- Owned solar panels support reduced utility exposure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,750
Businesses Nearby
Explore this area
Business Placement
Demographics for 64108, MO
9,839
Population
6,141
Households
1.6
Avg Household Size
35
Median Age
51%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
2,659
Density / Sq Mi
$74,462
Median Household Income
$53,521
Median Earnings
$1,422
Median Rent
$286,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - Income-producing specialty property with an in-place tenant, M1-5 zoning, and owned solar infrastructure.
Where is this specialty property located?
The property is located at 2939 Cherry Street Kansas City, MO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Leased to an established tenant through May 2027; Approximate 6.77% capitalization rate based on current financials; Owned solar panels support reduced utility exposure
