3237-41 Troost Ave, Kansas City, MO 64109
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.