3219 Troost AveKansas City, MO 64109

Property Details for 3219 Troost Ave

Year built

1900

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

4,100 SF

Property type

Retail space

APN

29-730-08-05

APU

297300805

Description

This exceptional Kansas City, Missouri property at 3219 Troost Avenue presents a unique redevelopment opportunity. The 17,600 square foot building, constructed in 1900, features two buildings with three stories each, offering a substantial 12,000 square feet of above-grade space, plus a 3,800 square foot leased basement and a 1,800 square foot garage. The all-concrete construction boasts a 4,000 square foot floorplate on each level, supported by concrete pillars and high ceilings, ideal for various uses including retail and office space. The property benefits from recent upgrades, including a new roof, windows, HVAC system, electrical service (3-phase power and 2 x 220amp service), and stucco. An adjacent vacant lot provides potential for additional parking or development. This well-maintained building is situated in a vibrant location, within designated Enterprise, Empowerment, and Opportunity Zones, the Troost Corridor PIEA, Troost Area TIF, and Commercial Facade Improvement Area, and is also part of the Kansas City Catalytic Urban Redevelopment (KC-CUR) initiative area. The asking price is $1,250,000, translating to $71.02 per square foot. The property is zoned for retail use and has a multi-tenant occupancy. The APN numbers are 29-730-08-05-00-0-00-000 and 29-730-08-17-01-0-00-000. This is a rare opportunity to acquire a high-quality building in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,129,749

  6.5%

  $1,042,845

  7%

  $968,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $739,048

  Geo Method

  $739,048

• Alternative Use

  Use

  Valuation

  Residential

  $879,679

  Hospitality

  $805,781

  Educational

  $670,400

  Medical

  $693,456

  Retail

  $1,042,845

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.0679

Longitude

-94.5711

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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