1720 Cherry StKansas City, MO 64108

Property Details for 1720 Cherry St

Year built

1909

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

18,636 SF

Zone code

M1

Property type

Office buildings

APN

29-240-37-10

APU

292403710

Description

This exceptional executive office space, located at 1720 Cherry Street in Kansas City, Missouri, presents a unique leasing opportunity. The property, a Class B building totaling 18,600 square feet, boasts a single-tenant occupancy and is ideally suited for businesses seeking a prestigious address in a vibrant urban setting. Constructed in 1929 and extensively renovated in 2016, the building blends historic charm with modern functionality. Currently, 5,808 square feet of office space is available for lease. The property's location in Jackson County, zip code 64108, offers convenient access to major transportation routes and a wealth of amenities. The building's classification as both retail and office space reflects its versatility and potential for a variety of uses. This is a single-tenant building, providing a unique opportunity for a business to establish a strong presence in a desirable Kansas City location. The 2016 renovation ensures modern infrastructure and amenities are in place, creating a comfortable and productive work environment. Interested parties are encouraged to inquire about this exceptional leasing opportunity. The property is situated in a dynamic area of Kansas City, offering excellent visibility and accessibility. This is a rare chance to secure a significant amount of prime office space in a well-maintained building with a rich history.

• CAP approach

  CAP return

  Valuation

  6%

  $3,493,280

  6.5%

  $3,224,566

  7%

  $2,994,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,333,033

  Geo Method

  $1,333,033

• Alternative Use

  Use

  Valuation

  Residential

  $3,998,462

  Hospitality

  $3,662,570

  Educational

  $3,047,215

  Medical

  $3,152,014

  Retail

  $4,740,112

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.0924

Longitude

-94.5769

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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