9402 Blue Ridge Blvd, Kansas City, MO 64138

10,560 SF 1.5 ac lot Built 1970

Entity Owned 4-yr Hold Absentee Owner Free & Clear

Property ID

US48-0351601

Google Maps

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.