1737 Rice RdLee's Summit, MO 64086

Property Details for 1737 Rice Rd

Year built

1999

Construction

FRAME

Lot size

1.42 AC

Property size (Sq ft)

6,000 SF

Property type

Retail space

APN

52-540-01-16

APU

525400116

Description

This exceptional 6,000 square foot retail property, located at 1737 NE Rice Road in Lee's Summit, Missouri, presents a unique investment opportunity. Built in 1999 and boasting a complete interior renovation in 2006, this single-story building sits on a 1.42-acre lot and offers excellent visibility from Highway 291. Currently operating as a lawn power equipment store, the open floor plan allows for diverse business applications. The property features three offices, two restrooms (one with a shower), three to five storage rooms, a mop room with mechanicals, and a 700 square foot upstairs mezzanine overlooking the main area. Amenities include a new HVAC unit (2019), a 12-foot overhead bay door, and a fenced back lot with 6-foot vinyl privacy fencing. An additional vacant lot is included in the sale. The property is zoned CP-2 commercial, ensuring flexibility for various uses. This 100% occupied building is priced at $950,000 and offers significant potential for growth in a high-traffic location. Don't miss this chance to acquire a well-maintained, versatile commercial property in a thriving Lee's Summit market. The property's features include ample storage, a convenient mezzanine, and a strategic location near Highway 291.

• CAP approach

  CAP return

  Valuation

  6%

  $1,748,420

  6.5%

  $1,613,926

  7%

  $1,498,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,081,534

  Geo Method

  $1,081,534

• Alternative Use

  Use

  Valuation

  Residential

  $1,361,407

  Hospitality

  $1,247,042

  Educational

  $1,037,524

  Medical

  $1,073,206

  Retail

  $1,613,926

Location Insight

City

Lees Summit

County

Jackson

State

Missouri

Latitude

38.944

Longitude

-94.3588

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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