9402 Blue Ridge Blvd Kansas City, MO 64138
- Strip malls
- 10,560 SF
- 1.50 lot acres
Current Use by Public Records
- Strip malls
Property Details for 9402 Blue Ridge Blvd
- Year built
- 1970
- Construction
- WOOD
- Lot size
- 1.50 lot acres
- Property size
- 10,560 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 49-610-05-21
- APU
- 496100521
Description
This 11,345 square foot retail shopping center, located at 9402 Blue Ridge Blvd, Kansas City, MO 64138, presents a compelling value-add opportunity. Situated on a 1.5-acre lot in Jackson County, this single-story, 1973-built property boasts 40 parking spaces and flexible B3-2 zoning. Currently vacant, the center offers four existing retail spaces with the potential to expand to six, generating additional income. The property features a pro-forma NOI of $100,000 and a pro-forma cap rate of 17.70%, representing a strong return on investment. The asking price is $565,000 ($49.80/sq ft), with owner financing available. This prime location benefits from high traffic visibility on Blue Ridge Blvd, 24/7 accessibility, and proximity to a population exceeding 39,000 with a median household income of $39,659. The property is located in an Opportunity Zone, qualifying for city incentives, and includes supplemental income from parking leased to an adjacent business. This presents a unique chance for redevelopment and expansion, capitalizing on the high-traffic location and flexible zoning.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Jackson
- State
- Missouri
- Longitude
- -94.5086
- Latitude
- 38.954
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
