Property profile

5006 Parvin Rd Kansas City, MO 64117

OFF-MARKET
Retail properties & Spaces
Property ID
US48-0787297
40,200 SF 2 ac lot Built 1960
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Property summary

AI-generated overview

This exceptional 22,237-square-foot freestanding building, situated on a 1.91-acre lot in the desirable Bixby Knolls area of Long Beach, presents a unique investment opportunity. Formerly the Long Beach Petroleum Club, this property boasts a wealth of features ideal for a variety of uses, including event spaces, religious facilities, or social clubs. The interior includes a grand ballroom with a stage and orchestra area, a spacious terrace room, multiple bar areas, a dining area known as the "Red Room," a recently upgraded commercial kitchen, a conference room, numerous management and operational office spaces, and ample storage. A fully finished 5,580-square-foot basement offers additional space, complete with men's and women's locker rooms and more storage. Outdoor amenities include a heated pool and a large patio/pool deck with a cabana area. Ample parking is provided with 164 spaces distributed across north and south parking lots and an adjacent strip. The property's location at 3636 Linden Avenue, near the intersection of Linden and 36th, places it within walking distance of Atlantic Avenue, Bixby Knolls' main commercial corridor, offering easy access to a variety of dining, shopping, and professional services. The property is zoned R-3-S and has the APN numbers 7145-014-019, 7145-014-020, 7145-014-027, 7145-014-002, and 7145-014-023 in Los Angeles County. Multiple licenses are included with the lease, depending on the intended use, potentially covering alcohol sales, catering, and live events. Currently, month-to-month income is in place, offering flexible terms for a new tenant. The property's proximity to the Metro Blue Line and the 710/405 freeways provides excellent accessibility. This is a rare opportunity to acquire a substantial property in a highly desirable submarket with strong demographics and high property values.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1960
Total area 40,200 SF
Lot 2 ac (87,120 SF)
UPID US48-0787297

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Home Decor Store Department Store

Location

5006 Parvin Rd Kansas City, MO 64117
Kansas City metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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