7523 State AveKansas City, KS 66112

Property Details for 7523 State Ave

Year built

1985

Construction

BRICK

Lot size

9.31 AC

Property size (Sq ft)

93,725 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

224303

APU

224303

Description

West State Plaza offers exceptional retail opportunities in a thriving Kansas City, Kansas location. This multi-tenant retail center boasts a strong tenant mix, including established businesses like Westlake Ace Hardware and Big Lots, ensuring high visibility and foot traffic. The property features readily available spaces ranging from 880 to 5,060 square feet, catering to a variety of business needs. Specifically, there are five inline spaces currently available, ranging from 880 to 2,200 square feet, along with a significant 33,091 square foot big box space and a second-generation restaurant space. The center enjoys an advantageous position along a major retail and entertainment corridor in Kansas City, Kansas, experiencing over 16,500 cars per day on State Avenue, guaranteeing substantial exposure to potential customers. Its convenient access to Interstates 70 and 435 provides unparalleled accessibility for both employees and customers. This prime location, combined with the existing strong tenant base and diverse space options, presents a compelling investment opportunity for businesses seeking high-traffic exposure and a strategic presence in a bustling commercial area. The property is a multi-tenant retail center, offering a collaborative and vibrant business environment. Don't miss this chance to establish your business in a well-established and highly visible location.

• CAP approach

  CAP return

  Valuation

  6%

  $25,825,784

  6.5%

  $23,839,184

  7%

  $22,136,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,894,456

  Geo Method

  $16,894,456

• Alternative Use

  Use

  Valuation

  Residential

  $20,109,244

  Hospitality

  $18,419,960

  Educational

  $15,325,190

  Medical

  $15,852,247

  Retail

  $23,839,184

Location Insight

City

Kansas City

County

Wyandotte

State

Kansas

Latitude

39.1152

Longitude

-94.7549

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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