905 Douglas StLee's Summit, MO 64063

Property Details for 905 Douglas St

Year built

1998

Construction

WOOD

Lot size

0.42 AC

Property size (Sq ft)

2,680 SF

Property type

Day care centers & nurseries

APN

61-520-24-17-01

APU

61520241701

Description

This exceptional Lee's Summit, Missouri investment opportunity encompasses a unique commercial property package totaling nearly 2 acres. The core of the offering is 905 SE Douglas Street, a 2,650 square foot building previously used as a daycare. While gutted by fire, the structure remains sound and presents a blank canvas for redevelopment. Adjacent to this is 907 SE Douglas Street, a 2,600 square foot, five-bay garage with a small office. Completing this package is a one-acre residential-zoned lot situated to the north. The entire property is located in Jackson County, Missouri, zip code 64063, offering excellent visibility and convenient highway access. While the owner prefers to sell the entire package, individual parcel sales may be considered. The asking price for the entire property is $410,000. The property sits on a 1.97-acre lot and is a single-story building. This versatile property is ideal for a variety of commercial uses, offering significant potential for investors seeking a mixed-use development or individual redevelopment projects. The property's central location and highway access provide exceptional visibility and accessibility. This is a rare opportunity to acquire a substantial commercial property package in a thriving Lee's Summit location.

• CAP approach

  CAP return

  Valuation

  6%

  $526,451

  6.5%

  $485,955

  7%

  $451,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $220,455

  Geo Method

  $220,455

• Alternative Use

  Use

  Valuation

  Residential

  $616,454

  Hospitality

  $564,668

  Educational

  $469,798

  Medical

  $485,955

  Retail

  $730,796

Location Insight

City

Lees Summit

County

Jackson

State

Missouri

Latitude

38.9038

Longitude

-94.369

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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