2801 Holmes StKansas City, MO 64109

Property Details for 2801 Holmes St

Year built

1928

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

1,897 SF

Property type

Retail space

APN

29-810-18-02

APU

298101802

Description

This exceptional mixed-use property at 2801 Holmes Street in Kansas City, Missouri, presents a unique investment opportunity. The 4,600 square foot building boasts a compelling blend of retail and multifamily components, ideal for owner-users seeking a strong return. The property comprises a 2,200 square foot retail space currently occupied by one tenant, perfectly suited for a convenience store or similar business. Above the retail space is a two-story apartment building, offering 1,200 square feet per floor, totaling 2,400 square feet of residential space. A full basement provides ample storage. The property is currently occupied by two tenants, offering immediate cash flow. Strategically located in an opportunity zone within Jackson County, zip code 64109, this property benefits from the numerous redevelopment projects underway in the area, promising significant future appreciation. Its proximity to downtown Kansas City (less than 10 minutes away) further enhances its desirability. The asking price is $450,000, making this a compelling investment for discerning buyers seeking a blend of income generation and long-term growth potential in a rapidly developing urban area.

• CAP approach

  CAP return

  Valuation

  6%

  $522,716

  6.5%

  $482,507

  7%

  $448,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $341,945

  Geo Method

  $341,945

• Alternative Use

  Use

  Valuation

  Residential

  $407,012

  Hospitality

  $372,821

  Educational

  $310,183

  Medical

  $320,850

  Retail

  $482,507

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.0753

Longitude

-94.576

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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