1032 Pennsylvania Ave Kansas City, MO 64105
- Office buildings
- 3,667 SF
- 0.28 lot acres
Current Use by Public Records
- Marentes v. Impac Mortgage Holdings, Inc. / Holding Company
Property Details for 1032 Pennsylvania Ave
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.28 lot acres
- Property size
- 3,667 SF
- Property type
- Office buildings
- APN
- 29-310-32-12
- APU
- 293103212
Description
This exceptional investment opportunity presents the Blossom Campus, a four-building office portfolio situated at 1032 Pennsylvania Ave, Kansas City, MO 64105. The property encompasses approximately 26,687 square feet of space, with 21,347 square feet net rentable. Currently housing three tenants, the occupancy rate stands at 17%. Built in 1874 and renovated in 2007, the buildings boast a blend of historic charm and modern updates. The property includes 52 surface parking spaces and a 0.17-acre vacant lot, ripe for development. Located in the desirable Quality Hill neighborhood, the Blossom Campus benefits from its proximity to the Kansas City Streetcar, Consentino's Grocery, the Kansas City Convention Center, T-Mobile Center, and the Power & Light District. The UR zoning permits a variety of uses, including office, retail, residential, hospitality, and mixed-use projects, making this a unique opportunity for owner-users or developers seeking a prime location with significant upside potential in leasing and redevelopment. The central location offers excellent interstate access.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $460,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $455,000
- Geo Method
- $460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $330,000
- Retail
- $390,000
- Mixed-Use
- $395,000
- Hospitality
- $360,000
- Educational
- $395,000
- Residential Income
- $360,000
- Energy
- $395,000
- Income-Based Land
- $370,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Jackson
- State
- Missouri
- Longitude
- -94.5914
- Latitude
- 39.1014
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
