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Crossroads/Westside Building For Sale

700 Southwest Boulevard, Kansas City, MO 64108

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For Sale

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Rare opportunity in a prime location with highway access.

Type:Retail

Property size:

9,000 SF

Price / SF:

$150/SF

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Contact for Pricing

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and status of this listing

Christina Boveri

Real Estate License ID: 2004014710

HighLights

Prime location in the Crossroads/Westside neighborhood with high visibility and easy highway access.
Significant ongoing investment of over $43 million in Southwest Boulevard upgrades.
Large outdoor patio and potential to add 20 parking spaces with purchase of adjacent lot.
Zoned M1‑5 offering versatile usage options.
Close proximity to the Kauffman Performing Arts Center, numerous galleries, lofts, condos, and the Street Car.
High foot traffic area, especially during First Fridays, and near new high‑rise apartment buildings.

Learn more

For Sale

Contact for pricing

Rare opportunity in a prime location with highway access.

Type:Retail

Property size:

9,000 SF

Price / SF:

$150/SF

Added:: Nov 12, 2024
Days on Market:: 601
Last Refresh:: Jun 28 at 7:35 am

Property Features for 700 Southwest Boulevard

General Information

Standard status: Active
Size: 9,000 SF
Property subtype: Retail

Building Details

Year Built: 1978

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Contact an agent

Christina Boveri

Listing office Boveri Realty Group LLC

Listing date Nov 12, 2024

Source Crexi

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 Boveri Realty Group LLC

HighLights

Prime location in the Crossroads/Westside neighborhood with high visibility and easy highway access.
Significant ongoing investment of over $43 million in Southwest Boulevard upgrades.
Large outdoor patio and potential to add 20 parking spaces with purchase of adjacent lot.
Zoned M1‑5 offering versatile usage options.
Close proximity to the Kauffman Performing Arts Center, numerous galleries, lofts, condos, and the Street Car.
High foot traffic area, especially during First Fridays, and near new high‑rise apartment buildings.

Overview

Located in the Crossroads/Westside neighborhood, this 9,000 sq ft property presents a rare opportunity for ownership. The building, previously a restaurant, benefits from high visibility and convenient highway access. A large outdoor patio enhances its appeal. Situated across from La Bodega, the location is also near The Kauffman Performing Arts Center, over 50 galleries, and numerous lofts and condos. The property is zoned M1-5. The area is densely populated, with two high-rise apartment buildings adding 375 units. The location provides walking distance to the Performing Arts Center, Street Car, bars, restaurants, and over 40 art galleries. The neighborhood is known for its First Fridays events, attracting thousands to experience the arts and culture. Over $43 million is currently being invested to upgrade SW BLVD. The property is near two public parking lots under the bridge. The seller is willing to sell the 75x75 parking lot across the street, which would add 20 parking spaces.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$143.6k	$15.96
− Vacancy	−$4.3k	−$0.48
EGI	$139.3k	$15.48
− OpEx	−$34.8k	−$3.87
NOI	$104.5k	$11.61

9,000 SF · lease $15.96/SF/yr · vacancy 3.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,498 @ 7.0% cap · market cap 7.74%

Second Best

Retail

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,649 @ 7.0% cap · market cap 6.27%

Theoretical Best

Office A

$2.14M

$1.88M – $2.50M (±1% cap)

NOI $150,060 @ 7.0% cap · market cap 11.12%

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

Location Intelligence

Current Use by Public Records

Kc event hall Hotel & Motel Privee Restaurant & Lounge Restaurant

Suggested Use

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The Cottage Rose — 2016 Baltimore Ave Ste A, Kansas City, MO 64108
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Location Insight

Map
Local Demand

City: Kansas City
County: Platte
State: Missouri
Longitude: -94.5930048
Latitude: 39.0855663

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For sale
Storefront properties
MO
Kansas City
64108
700 Southwest Boulevard

What type of property is this?

Storefront property - Rare opportunity in a prime location with highway access.

Where is this storefront property located?

The property is located at 700 Southwest Boulevard Kansas City, MO.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Prime location in the Crossroads/Westside neighborhood with **high visibility and easy highway access.**; Significant ongoing investment of over $43 million in Southwest Boulevard upgrades.; **Large outdoor patio** and potential to add 20 parking spaces with purchase of adjacent lot.