514 Kansas City Ave, Excelsior Springs, MO 64024-2668
This exceptional investment opportunity presents a 5,663 square foot lot located at 514 S Kansas City Avenue in Excelsior Springs, Missouri, zip code 64024. The property is classified as commercial, apartment building, and residential, offering significant versatility for potential buyers. Currently configured as a duplex, triplex, or quadplex, the property's zoning allows for a range of uses, making it ideal for both seasoned investors and those new to the market. The asking price is $29,000, representing a compelling entry point into the Excelsior Springs real estate market. Situated in Clay County, this property boasts a highly desirable location, just blocks from the Elms and within easy walking distance of the downtown area. This convenient location offers excellent accessibility to local amenities, businesses, and transportation routes. The substantial lot size provides ample space for potential expansion or redevelopment, further enhancing its investment appeal. The property's multi-use potential allows for diverse income streams and future development opportunities. This is a rare chance to acquire a well-positioned property in a thriving Missouri community. Serious inquiries are encouraged to explore the full potential of this unique investment.
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
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.