1032 Pennsylvania AveKansas City, MO 64105

Property Details for 1032 Pennsylvania Ave

Year built

1920

Construction

WOOD

Lot size

0.28 AC

Property size (Sq ft)

3,667 SF

Property type

Office buildings

APN

29-310-32-12

APU

293103212

Description

This exceptional investment opportunity presents the Blossom Campus, a four-building office portfolio situated at 1032 Pennsylvania Ave, Kansas City, MO 64105. The property encompasses approximately 26,687 square feet of space, with 21,347 square feet net rentable. Currently housing three tenants, the occupancy rate stands at 17%. Built in 1874 and renovated in 2007, the buildings boast a blend of historic charm and modern updates. The property includes 52 surface parking spaces and a 0.17-acre vacant lot, ripe for development. Located in the desirable Quality Hill neighborhood, the Blossom Campus benefits from its proximity to the Kansas City Streetcar, Consentino's Grocery, the Kansas City Convention Center, T-Mobile Center, and the Power & Light District. The UR zoning permits a variety of uses, including office, retail, residential, hospitality, and mixed-use projects, making this a unique opportunity for owner-users or developers seeking a prime location with significant upside potential in leasing and redevelopment. The central location offers excellent interstate access.

• CAP approach

  CAP return

  Valuation

  6%

  $687,372

  6.5%

  $634,497

  7%

  $589,176

• Comparable approach

  Method

  Valuation

  Relative Method

  $262,300

  Geo Method

  $262,300

• Alternative Use

  Use

  Valuation

  Residential

  $786,776

  Hospitality

  $720,683

  Educational

  $599,600

  Medical

  $620,221

  Retail

  $932,710

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.1014

Longitude

-94.5914

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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