4240 Blue Ridge BlvdKansas City, MO 64133

Property Details for 4240 Blue Ridge Blvd

Year built

1970

Construction

WOOD

Lot size

5.02 AC

Property size (Sq ft)

9,814 SF

Property type

Office buildings

APN

33-330-11-03-01

APU

33330110301

Description

This exceptional .5-1 acre commercial land parcel, located at 4240 Blue Ridge Blvd in Kansas City, Missouri (zip code 64133), presents a unique investment opportunity. Currently operating as a well-maintained parking lot just west of the Blue Ridge Tower, this property is zoned for commercial use (Comm) and offers significant development potential. Envision a variety of uses, from retail spaces and mixed-use developments to entertainment hubs or food service establishments. Its prime location offers easy highway access and proximity to numerous stores, restaurants, and gas stations, ensuring high visibility and convenient access for potential businesses. The sellers are currently working with the city to potentially subdivide the parcel. Furthermore, the area is in the process of establishing a Community Improvement District (CID), which will levy a 1% sales tax on local businesses to fund enhanced security, maintenance, landscaping, and beautification efforts, significantly improving the area's appeal and value. This property's versatility makes it suitable for various commercial ventures, including a car wash, retail space, or parking garage. A ground lease is also a possibility. The asking price for this dynamic property is $795,000. Buyers are advised to independently verify zoning regulations with the City of Kansas City, Missouri.

• CAP approach

  CAP return

  Valuation

  6%

  $1,839,614

  6.5%

  $1,698,106

  7%

  $1,576,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $701,995

  Geo Method

  $701,995

• Alternative Use

  Use

  Valuation

  Residential

  $2,105,651

  Hospitality

  $1,928,765

  Educational

  $1,604,710

  Medical

  $1,659,898

  Retail

  $2,496,215

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.0443

Longitude

-94.4402

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].