9402 Blue Ridge BlvdKansas City, MO 64138

  • Strip malls
  • 10,560 SF
For Sale
$565,000 View listing

Property Details for 9402 Blue Ridge Blvd

Year built
1970
Construction
WOOD
Lot size
1.50 AC
Property size (Sq ft)
10,560 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
49-610-05-21
APU
496100521

Description

This 11,345 square foot retail shopping center, located at 9402 Blue Ridge Blvd, Kansas City, MO 64138, presents a compelling value-add opportunity. Situated on a 1.5-acre lot in Jackson County, this single-story, 1973-built property boasts 40 parking spaces and flexible B3-2 zoning. Currently vacant, the center offers four existing retail spaces with the potential to expand to six, generating additional income. The property features a pro-forma NOI of $100,000 and a pro-forma cap rate of 17.70%, representing a strong return on investment. The asking price is $565,000 ($49.80/sq ft), with owner financing available. This prime location benefits from high traffic visibility on Blue Ridge Blvd, 24/7 accessibility, and proximity to a population exceeding 39,000 with a median household income of $39,659. The property is located in an Opportunity Zone, qualifying for city incentives, and includes supplemental income from parking leased to an adjacent business. This presents a unique chance for redevelopment and expansion, capitalizing on the high-traffic location and flexible zoning.

Location Insight

City
Kansas City
County
Jackson
State
Missouri
Latitude
38.954
Longitude
-94.5086
CBSA code
28140
CBSA name
KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,917
$108,032
$21,952
$129,984
-
-
-
$406,200

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