2021 Truman Rd Kansas City, MO 64127-1941

Property Details for 2021 Truman Rd

Year built

1938

Construction

WOOD

Lot size

0.46 lot acres

Property size

2,025 SF

Property type

Turn key restaurants

APN

29-140-25-24

APU

291402524

Description

This exceptional investment opportunity presents a vacant, 3,888-square-foot retail property situated on Truman Road in Kansas City, Missouri. The property, listed at $360,000 ($92.59/sq ft), features two buildings on a 12,800-square-foot lot, zoned B2-3. Built in 1938, the single-story structures offer versatile space suitable for various uses, including an auto shop and restaurant. The property includes all restaurant furnishings (tables and chairs) and a one-car garage with a lift. The sale encompasses both the buildings and the concrete parking lot. An adjacent grassy area is also included in a separate listing (MLS#2367062) for $600,000, offering the potential for a larger acquisition. This property is located within an Opportunity Zone and Kansas City's Enhanced Enterprise Zone (EEZ), potentially offering significant tax benefits. Eligible businesses may qualify for the Missouri WORKS income tax benefits program, providing a 10-year, 50% abatement on increased property taxes. While not currently within a redevelopment incentive area, the possibility of establishing a new incentive area through the KCMO EDC exists. This property is ideal for owner-users seeking a prime location with flexible usage options. Consider this a strong investment opportunity, with the potential for expansion by acquiring the adjacent property. The APN is 29-140-25-24-00-0-00-000.

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Longitude

-94.5578

Latitude

39.0947

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments