323 8Th StKansas City, MO 64105

Property Details for 323 8Th St

Year built

1910

Construction

WOOD

Lot size

0.93 AC

Property size (Sq ft)

20,215 SF

Property type

High-rise multifamily apartments

APN

29-220-26-02

APU

292202602

Description

This exceptional 2,866-square-foot ground-level retail space is available for lease within the historic Lucas Place Lofts building in Kansas City, Missouri's vibrant Downtown submarket. Located at 323 W 8th St, zip code 64105, this single-tenant space boasts high visibility and significant foot traffic, benefiting from its location within a building featuring 134 apartments consistently maintaining 95-100% occupancy. The property offers convenient street parking and access to a landlord-owned surface lot. Ideal for businesses seeking a prominent presence in a dynamic, historic neighborhood, this space is nestled in the heart of Kansas City's Garment District, providing unparalleled access to a rich blend of business, cultural, and entertainment options. Its proximity to dense residential developments like Walnut Tower Apartments, Roaster's Block Apartments, and Opera House Lofts ensures a steady stream of potential customers. The space retains original architectural details, creating a unique and inviting atmosphere. This prime location in Jackson County offers an exceptional opportunity for a business to thrive in a thriving urban setting. The property is classified as Retail, Ground Level Retail, and Mixed-Use.

• CAP approach

  CAP return

  Valuation

  6%

  $4,698,683

  6.5%

  $4,337,246

  7%

  $4,027,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,241,267

  Geo Method

  $2,241,267

• Alternative Use

  Use

  Valuation

  Residential

  $4,337,246

  Hospitality

  $3,972,894

  Educational

  $3,305,401

  Medical

  $3,419,079

  Retail

  $5,141,735

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.1044

Longitude

-94.587

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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