4800 Lamar AveMission, KS 66202

Property Details for 4800 Lamar Ave

Year built

1986

Construction

FRAME

Lot size

1.76 AC

Property size (Sq ft)

15,108 SF

Zone code

P

Property type

Office properties

APN

KP18500000 0001A

APU

KP185000000001A

Description

This exceptional two-story retail property, located at 4800 Lamar Ave in Mission, Kansas (zip code 66202), offers a unique opportunity for investors and business owners. Spanning 15,108 square feet, the building boasts a distinctive design, including a park-like setting with an outdoor deck and seating area, perfect for customer engagement or employee breaks. The upper level, bathed in natural light from vaulted windows, provides a bright and inviting atmosphere. The property includes a full kitchen on the first floor and additional breakrooms on the second floor, catering to diverse operational needs. Its flexible layout allows for easy division, making it ideal for multiple tenants or a single large user. The asking price is $1,750,000, translating to $115.83 per square foot. Existing furniture is available for purchase, offering a seamless transition for new owners. The property benefits from excellent highway access and a wealth of amenities within a two-mile radius, ensuring high visibility and convenience. Johnson County location provides a strong market for retail businesses. This is a rare chance to acquire a distinctive and well-appointed retail space in a desirable Kansas location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,831,964

  6.5%

  $2,614,120

  7%

  $2,427,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,080,675

  Geo Method

  $1,080,675

• Alternative Use

  Use

  Valuation

  Residential

  $3,241,509

  Hospitality

  $2,969,205

  Educational

  $2,470,344

  Medical

  $2,555,303

  Retail

  $3,842,757

Location Insight

City

Mission

County

Johnson

State

Kansas

Latitude

39.042

Longitude

-94.6574

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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