901 43Rd StKansas City, MO 64111

Property Details for 901 43Rd St

Year built

1957

Construction

CONCRETE

Lot size

0.23 AC

Property size (Sq ft)

3,720 SF

Property type

Office buildings

APN

30-410-06-01

APU

304100601

Description

This 6,888 square foot Class C office building at 901 W 43rd St, Kansas City, MO 64111, is offered at $825,000 ($174.22/sq ft). Currently vacant, this property presents a compelling value-add opportunity for owner-occupancy or redevelopment. Built in 1957 and renovated in 2008, the building boasts an attractive mid-century exterior. The main level comprises approximately 3,600 square feet and includes covered parking for six vehicles. A sizable 3,288 square foot lower level offers significant potential for renovation and expansion of net rentable area (NRA). The 0.23-acre lot is strategically located at the nexus of the Country Club Plaza, Westport, and West Plaza neighborhoods, providing convenient access to major commuter thoroughfares like Belleview and Madison. The property's location offers excellent visibility and accessibility. There's also potential to acquire adjacent parcels, expanding the site to approximately 1.3 acres. This is an exceptional opportunity to capitalize on a prime location and create a thriving office space. Off-street parking is available.

• CAP approach

  CAP return

  Valuation

  6%

  $697,306

  6.5%

  $643,667

  7%

  $597,691

• Comparable approach

  Method

  Valuation

  Relative Method

  $266,092

  Geo Method

  $266,092

• Alternative Use

  Use

  Valuation

  Residential

  $798,148

  Hospitality

  $731,099

  Educational

  $608,266

  Medical

  $629,185

  Retail

  $946,191

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.0495

Longitude

-94.5973

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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