373 W 101St Ter Kansas City, MO 64114
- Grocery and convenience stores
- 16,416 SF
- 2.86 lot acres
Current Use by Public Records
- Encompass Medical Group / Medical Clinic
- Stacie Kubicsko / Physician
- JANEISHA GRIGGS / Physician
- Encompass Imaging / Physician
- Hearing Health Associates / Medical Clinic
Property Details for 373 W 101St Ter
- Year built
- 1977
- Construction
- CONCRETE
- Lot size
- 2.86 lot acres
- Property size
- 16,416 SF
- Property type
- Grocery and convenience stores
- APN
- 48-820-03-78
- APU
- 488200378
Description
This exceptional owner-user medical office building (MOB) presents a unique investment opportunity in South Kansas City, Missouri. Located at 373 W 101st Terrace, 64114, this stabilized, single-story, two-building complex boasts a substantial 35,000 square feet of space and currently enjoys an 87% occupancy rate. The asking price is $6,495,000. The property features a gross lease structure, eliminating the complexities of tenant management. Significant renovations were completed in 2020, including the installation of new HVAC units, a reinforced retaining wall, a solar-paneled roof, a perimeter security fence with a gated entrance, and a resurfaced and restriped parking lot. Landscaping has also been updated. Future improvements are planned, including a new awning and facade at the building entrance. This cash-flowing asset offers a compelling opportunity for a medical entrepreneur to own their building and benefit from the income generated by other medical tenants. The seller is offering a 4% carried interest on flexible terms. This property is for sale by owner and presents a rare chance to acquire a well-maintained, high-performing medical office building in a desirable location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,340,000
Market price range: $1.21M - $2.96M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $2,170,000
- RETAIL STORES
- $1,875,000
- RESTAURANT
- $1,875,000
- COMMERCIAL (GENERAL)
- $1,810,000
- INDUSTRIAL (GENERAL)
- $1,375,000
- APARTMENT HOUSE (5+ UNITS)
- $1,375,000
- OFFICE BUILDING
- $1,350,000
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Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Jackson
- State
- Missouri
- Longitude
- -94.5951
- Latitude
- 38.9435
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA