116 46Th StKansas City, MO 64111

Property Details for 116 46Th St

Year built

1910

Construction

WOOD

Lot size

0.48 AC

Property size (Sq ft)

2,064 SF

Property type

Hotels

Property subtype

Motels

APN

30-520-13-07

APU

305201307

Description

This exceptional investment opportunity presents a beautifully renovated, 15-room boutique hotel in Kansas City, Missouri's highly desirable Country Club Plaza submarket. The property, encompassing two buildings across 11,595 square feet on a 0.5-acre lot, boasts a rich history, having been originally built in 1910 and extensively renovated in 2020. The hotel features 14 parking spaces and is zoned R-1.5. Individual suites, each offering unique amenities such as jetted bathtubs, fireplaces, and private balconies, cater to both leisure and business travelers. A commercial kitchen adds versatility for catering events or expanding food and beverage offerings. The hotel's prime location provides easy access to numerous attractions, including the Country Club Plaza, Westport Entertainment District, and several renowned museums. Furthermore, its proximity to the future 45th & Main Streetcar stop (anticipated completion Spring 2025) offers convenient access to other key areas of Kansas City. With high occupancy rates and strong growth potential in a thriving arts district, this hotel represents a compelling owner/user investment opportunity, priced at $3,500,000 ($301.85 per square foot). The property's three stories and 15 beds provide ample capacity for a variety of guests and events. This is a rare chance to acquire a well-established, high-performing hotel in a coveted location.

• CAP approach

  CAP return

  Valuation

  6%

  $439,446

  6.5%

  $405,642

  7%

  $376,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $346,949

  Geo Method

  $346,949

• Alternative Use

  Use

  Valuation

  Residential

  $442,843

  Hospitality

  $405,642

  Educational

  $337,489

  Medical

  $349,096

  Retail

  $524,984

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.0432

Longitude

-94.5845

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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