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    OFF-MARKET
    Land

    3237-41 Troost Ave, Kansas City, MO 64109

    0.14 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 0.14-acre parcel at 3237-41 Troost Avenue in Kansas City, Missouri, zip code 64109. The 6,238 square foot lot boasts 43 feet of Troost Avenue frontage. Historically used as a dry cleaning establishment from 1951 to 1990, this property is strategically located on the Troost Max bus rapid transit line, offering convenient access to downtown Kansas City, Hospital Hill, UMKC, and vibrant restaurant and shopping districts. The property benefits from its location within several designated zones, including Enterprise, Empowerment, and Opportunity zones, as well as a Planned Industrial Expansion Area (PIEA) and the Heart of the City Neighborhood Stabilization TIF Plan Commercial Facade & Improvements Program. This site is also within the Midtown Plaza Area Plan, a proposed mixed-use community. The surrounding neighborhoods are actively engaged in improving infill development, fostering a unique blend of artists, pop-up retail spaces, and strategic renovations to enhance the area's character. An additional 0.21-acre parcel (8,994 square feet) at 3249 Troost Avenue is available for purchase as a portfolio for $110,000. The asking price for this 0.14-acre parcel is $40,000. All information is deemed reliable but should be independently verified. The property is not associated with any businesses previously located on the site. The price and availability are subject to change.

    Property profile
    Verified
    Property type Land
    Lot 0.14 ac (6,098 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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