5300 24Th StKansas City, MO 64127

Property Details for 5300 24Th St

Year built

1938

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

2,280 SF

Property type

Retail space

APN

28-540-05-13

APU

285400513

Description

This exceptional 8,624-square-foot storefront/restaurant property, located at 5300 E 24th Street in Kansas City, Missouri, presents a unique investment opportunity. Built in 1938, this single-story building sits on an 11,136-square-foot lot (APN 28-540-05-13-00-0-00-000) and is zoned for commercial use. Currently operating as "The Yummy Tummy," the property is offered at $375,000 ($43.48/sq ft) and features a multi-tenant setup. The property boasts significant upgrades, including a fully equipped interior, ample parking for 60 vehicles within a secure, fenced area with electronic gates, and a comprehensive 20-camera security system for 24/7 surveillance. The building's amenities include convenient features such as vending machines and a coin changer. The seller owns all equipment outright, making this a true turnkey operation. Its strategic location offers easy access to downtown Kansas City (three minutes away) and major highways (two minutes away), ensuring high visibility and convenient access for customers and employees. This property is an ideal investment for a savvy entrepreneur seeking a well-established, profitable business with significant growth potential. The property's size, location, and existing infrastructure make it a highly attractive proposition for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $628,251

  6.5%

  $579,924

  7%

  $538,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,983

  Geo Method

  $410,983

• Alternative Use

  Use

  Valuation

  Residential

  $489,187

  Hospitality

  $448,093

  Educational

  $372,808

  Medical

  $385,629

  Retail

  $579,924

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.0817

Longitude

-94.5209

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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