Description
Prime Investment Opportunity at 5001 Independence Ave, Kansas City, MO 64124! Versatile property with tremendous potential: two buildings totaling 13,918 SF on a spacious 0.38-acre lot, priced at just $35.91 per SF. Featuring a church space and seven office units across two stories, this property is well-suited for a variety of uses, including religious organizations, office rentals, multifamily, senior living, and more. Currently vacant, this value-add property offers a projected pro-forma NOI of 14.78%, making it a high-yield addition to any portfolio. Located in an Opportunity Zone, it's eligible for city grants and incentives, including Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs, designed to boost ROI. Situated in a high-traffic area with strong community demographics, this property benefits from excellent accessibility, flexible zoning, and solid construction. Capitalize on a property with robust income potential and city-supported growth incentives. **Disclaimer**: All information provided in this listing is deemed reliable but is not guaranteed. Buyers and their agents are advised to independently verify all details, including but not limited to property features, measurements, and any other information with the seller or their agent prior to making decisions.
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0BEDS
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0.38ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Prime Investment Opportunity at 5001 Independence Ave, Kansas City, MO 64124! Versatile property with tremendous potential: two buildings totaling 13,918 SF on a spacious 0.38-acre lot, priced at just $35.91 per SF. Featuring a church space and seven office units across two stories, this property is well-suited for a variety of uses, including religious organizations, office rentals, multifamily, senior living, and more. Currently vacant, this value-add property offers a projected pro-forma NOI of 14.78%, making it a high-yield addition to any portfolio. Located in an Opportunity Zone, it's eligible for city grants and incentives, including Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs, designed to boost ROI. Situated in a high-traffic area with strong community demographics, this property benefits from excellent accessibility, flexible zoning, and solid construction. Capitalize on a property with robust income potential and city-supported growth incentives. **Disclaimer**: All information provided in this listing is deemed reliable but is not guaranteed. Buyers and their agents are advised to independently verify all details, including but not limited to property features, measurements, and any other information with the seller or their agent prior to making decisions.
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