5000 Russell Rd Kansas City, MO 64117
- Land
- 1 SF
- 1.10 lot acres
Current Use by Public Records
- Land
Property Details for 5000 Russell Rd
- Lot size
- 1.10 lot acres
- Property size
- 1 SF
- Property type
- Land
Description
This exceptional 1.1 to 3.87-acre commercial land parcel, located at 5000 NE Russell Rd, Kansas City, MO 64117, presents a remarkable investment opportunity. Situated at the corner of Brighton Ave and Parvin Rd, this property benefits from high visibility and convenient access to major transportation arteries. The site is zoned for multifamily development and already possesses city zoning approval and building permits for a 48-unit multifamily project, with a multiphase plan approved for an additional 88 units. While these approvals require renewal, this existing groundwork significantly streamlines the development process. The property's strategic location offers easy access to three major freeways within a five-minute drive, ensuring convenient commuting for residents. Furthermore, its proximity to Downtown Kansas City (15 minutes) and the airport (18 minutes) enhances its appeal. The surrounding area is well-established, providing residents with ready access to daily amenities. This land parcel represents a unique chance to capitalize on the strong demand for multifamily housing in a highly desirable Kansas City location. The existing approvals and prime location make this an exceptional opportunity for developers seeking a fast-track to a profitable multifamily project.
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
- -94.5198
- Latitude
- 39.1665
