2115-2125 31St St Kansas City, MO 64109
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 2115-2125 31St St
- Property type
- Retail properties
Description
This exceptional mixed-use property, located at 2115-2125 31st Street in Kansas City, Missouri, 64109, presents a compelling investment opportunity. The property encompasses a substantial 31,574 square foot lot and features a two-story building with a total of ten units – five residential and five commercial spaces. Currently, the property is offered at an attractive asking price of $350,000, representing a compelling $50,000 per door. The existing commercial spaces offer significant potential for rental income through triple net leases, allowing for complete cost coverage by tenants. Potential commercial uses include, but are not limited to, a hair salon, mechanic shop, coffee shop, or laundromat. The large residential units offer substantial value-add potential through rehabilitation and subsequent rental at market rates. Beyond the existing structure, the expansive lot size provides significant development potential. The property's location within an opportunity zone allows for the utilization of tax credits and potential city funding, further enhancing the investment's return. Whether the buyer is a business owner, long-term investor, or a flipper seeking substantial returns, this property offers a multitude of possibilities. The large parcel of land offers the potential for developing additional multifamily units or another mixed-use asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Jackson
- State
- Missouri
- Longitude
- -94.558
- Latitude
- 39.0699
