5001 Independence AveKansas City, MO 64124

Property Details for 5001 Independence Ave

Year built

1981

Property type

Specialty properties

Property subtype

Churches & religious facilities

Description

This prime Kansas City, MO investment opportunity presents a versatile 13,918 square foot property situated on a spacious 16,611 square foot lot (0.38 acres) at 5001 Independence Avenue, zip code 64124. Built in 1981, the property comprises two buildings and currently offers seven office units and a church space across two stories. The asking price is $500,000, translating to $35.91 per square foot. Currently vacant, this property offers significant value-add potential for a variety of uses, including religious organizations, office rentals, multifamily, or senior living facilities. Located within an Opportunity Zone, this property is eligible for city grants and incentives, such as Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs, designed to enhance return on investment. The property boasts a projected pro-forma NOI of 14.78%, indicating strong income potential. Its location in a high-traffic area with favorable community demographics, combined with excellent accessibility and flexible zoning, makes this a compelling investment opportunity. The property features solid construction and benefits from its strategic location. All information is deemed reliable but not guaranteed; buyers are advised to independently verify all details.

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.1051

Longitude

-94.5231

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