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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

512 Highway Ln Lee's Summit, MO 64063

Property ID
Property summary
AI-generated overview

This exceptional 2,028 square foot retail space is ideally situated at 512 S 291 Highway in Lee's Summit, Missouri, 64063. Boasting excellent visibility on Highway 291, just north of Highway 50, this property benefits from high traffic volume. The single-tenant building sits on a substantial 35,559 square foot lot and features ample parking with 25 spaces. The two-story building is zoned CP1. The interior offers a spacious, open layout, previously used as a jewelry shop, and includes two offices, two bathrooms, a kitchen, and a lobby. High ceilings enhance the feeling of spaciousness. Large windows surround the perimeter, providing abundant natural light. Signage is permitted in a prominent location on the building. This property presents a phenomenal opportunity due to its amenities and prime location. A Net, Net, Net (NNN) lease covers water, trash removal, snow removal, lawn care, parking lot lighting, property taxes, and insurance. The property's APN is 61-510-02-64-00-0-00-000.

Property profile
Verified
Property type Retail properties & Spaces
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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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