18801 39th S St Independence, MO 64057-1729
This exceptional 952,953 square foot shopping center, located at 18801 East 39th St S in Independence, Missouri (zip code 64057), presents a unique investment opportunity. Built in 1974, the property currently boasts 87% occupancy across its 92 tenants. The center is undergoing a significant transformation into a vibrant mixed-use development, strategically integrating residential, commercial, and recreational elements. This redevelopment plan promises to revitalize the area, creating a dynamic community hub where residents and visitors can live, work, and play. The property's prime location in Jackson County, Missouri, offers excellent accessibility and visibility. This NNN-leased, multi-tenant property represents a compelling investment in a rapidly evolving market, poised for substantial future growth and increased value. The current retail focus is being expanded to include residential units and office spaces, creating a diverse and attractive environment. This forward-thinking approach anticipates and caters to modern urban lifestyle preferences, ensuring long-term viability and appeal. The property's size and existing tenant base provide a solid foundation for this exciting transformation. This is a rare opportunity to acquire a large-scale retail property undergoing a comprehensive and innovative redevelopment.
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Aéropostale Clothing Store Men'S Clothing Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.