104 39Th StKansas City, MO 64111

Property Details for 104 39Th St

Year built

1931

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

3,380 SF

Property type

Auto shops

APN

30-220-28-21

APU

302202821

Description

This exceptional 9,753-square-foot retail property, located at 104 East 39th Street in Kansas City, Jackson County, Missouri, presents a unique redevelopment or creative reuse opportunity. Built in 1950 and extensively remodeled in 2004, the building boasts charming character with exposed brick walls and a courtyard, complemented by modern updates. The HVAC system was replaced in 2015, ensuring efficient climate control. The property also features two overhead heaters in the service area, also replaced in 2015. The entire 9,753 square feet is currently vacant, offering significant flexibility for a single tenant. The building sits on a 0.578-acre lot and includes four convenient drive-in doors and a fenced outdoor area. Its B3-2 zoning allows for a variety of commercial uses. The location is highly advantageous, with approximately 11,600 cars passing daily on 39th Street, and just one block east of Main Street. The surrounding area has experienced significant recent investment, with over $228 million in redevelopment within a one-mile radius over the past two years. This presents a compelling opportunity for a business seeking a high-visibility location with substantial potential for growth and return. The property's unique features and prime location make it an exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $931,354

  6.5%

  $859,711

  7%

  $798,303

• Comparable approach

  Method

  Valuation

  Relative Method

  $609,264

  Geo Method

  $609,264

• Alternative Use

  Use

  Valuation

  Residential

  $725,199

  Hospitality

  $664,278

  Educational

  $552,672

  Medical

  $571,679

  Retail

  $859,711

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.0567

Longitude

-94.5843

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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