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5000 Russell Rd Kansas City, MO 64117

1.1-3.87 Acres, City-Approved Multifamily Development

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 1.1 to 3.87-acre commercial land parcel, located at 5000 NE Russell Rd, Kansas City, MO 64117, presents a remarkable investment opportunity. Situated at the corner of Brighton Ave and Parvin Rd, this property benefits from high visibility and convenient access to major transportation arteries. The site is zoned for multifamily development and already possesses city zoning approval and building permits for a 48-unit multifamily project, with a multiphase plan approved for an additional 88 units. While these approvals require renewal, this existing groundwork significantly streamlines the development process. The property's strategic location offers easy access to three major freeways within a five-minute drive, ensuring convenient commuting for residents. Furthermore, its proximity to Downtown Kansas City (15 minutes) and the airport (18 minutes) enhances its appeal. The surrounding area is well-established, providing residents with ready access to daily amenities. This land parcel represents a unique chance to capitalize on the strong demand for multifamily housing in a highly desirable Kansas City location. The existing approvals and prime location make this an exceptional opportunity for developers seeking a fast-track to a profitable multifamily project.

Highlights

  • City zoning and building permits approved for a 48-unit multifamily project, with plans for an additional 88 units (renewal required).
  • High-visibility corner lot at Brighton Ave and Parvin Rd.
  • Multifamily development opportunity in an established area with convenient access to daily amenities.
  • Easy access to three major freeways within five minutes.
  • Proximity to Downtown Kansas City (15 minutes) and the airport (18 minutes).

Property Details for 5000 Russell Rd

Property type
Land
Square Feet
1 SF
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Kansas City
County
Clay
State
Missouri
Latitude
39.16655
Longitude
-94.5197854

FAQs

What type of property is this?
Land - 1.1-3.87 Acres, City-Approved Multifamily Development
Where is the land located?
The property is located at 5000 Russell Rd Kansas City, MO.
What are key features of this property?
This property features: City zoning and building permits approved for a 48-unit multifamily project, with plans for an additional 88 units (renewal required).; High-visibility corner lot at Brighton Ave and Parvin Rd.; Multifamily development opportunity in an established area with convenient access to daily amenities.
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5000 Russell Rd
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