497 Terrace St Kansas City, MO 64118
- Land
- 3.05 lot acres
Current Use by Public Records
- Land
Property Details for 497 Terrace St
- Lot size
- 3.05 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 3.05-acre agricultural land parcel presents a unique investment opportunity in a highly desirable location. Situated at 497 NW 68 Terrace in Gladstone, Missouri, zip code 64118, this property boasts excellent highway access and proximity to essential services. The land is conveniently divided into two sections: 1.26 acres in Gladstone and 1.36 acres in Kansas City, both zoned C3. A recent survey confirms the total acreage of 3.05 acres. This prime real estate is ideally suited for various commercial ventures or multi-family developments, capitalizing on the high traffic volume and nearby development. The asking price is $450,000, and the owner is offering attractive owner financing with a 2-year balloon payment and a $100,000 down payment. All terms are negotiable. This represents a compelling value proposition for discerning investors seeking a strategic land acquisition in a thriving area. The property's location within a good school district further enhances its appeal.
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
- Clay
- State
- Missouri
- Longitude
- -94.5872
- Latitude
- 39.2171
