8140 Troost AveKansas City, MO 64131

Property Details for 8140 Troost Ave

Lot size

1.87 AC

Property type

Commercial land

APN

47-840-08-28

APU

478400828

Description

This exceptional 1.87-acre parcel located at 8140 Troost Avenue in Kansas City, Missouri, presents a remarkable multifamily development opportunity. Previously approved for a 48-unit project, this site is situated within the vibrant and rapidly growing Troost Avenue corridor, offering significant potential for substantial returns. The property boasts existing plans and approvals, streamlining the development process and minimizing upfront hurdles. Furthermore, tax abatements are in place, providing significant financial advantages to the future developer. The seller is prepared to provide comprehensive documentation, including detailed plans, approval documents, and information regarding the tax abatements. This is a turnkey opportunity for an investor seeking to capitalize on the burgeoning real estate market in this dynamic area of Kansas City. The asking price of $120,000 represents an exceptional value for a site of this size and potential, with its pre-approved development plans and advantageous tax incentives. The property's 64131 zip code and Jackson County location further enhance its desirability. This is a rare chance to acquire a fully prepared development site in a high-growth area, ready for immediate action. Don't miss this chance to secure a prime piece of Kansas City real estate.

• Alternative Use

  Use

  Valuation

  Residential

  $17,477,074

  Hospitality

  $16,008,905

  Educational

  $13,319,221

  Medical

  $13,777,290

  Retail

  $20,718,788

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

38.9798

Longitude

-94.5775

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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