Ask D.W. Hindman
5001 Independence, Kansas City, Missouri
Description
Prime Investment Opportunity at 5001 Independence Ave, Kansas City, MO 64124!
Versatile property with tremendous potential: two buildings totaling 13,918 SF on a spacious 0.38-acre lot, priced at just $35.91 per SF. Featuring a church space and seven office units across two stories, this property is well-suited for a variety of uses, including religious organizations, office rentals, multifamily, senior living, and more. Currently vacant, this value-add property offers a projected pro-forma NOI of 14.78%, making it a high-yield addition to any portfolio.
Located in an Opportunity Zone, it’s eligible for city grants and incentives, including Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs, designed to boost ROI. Situated in a high-traffic area with strong community demographics, this property benefits from excellent accessibility, flexible zoning, and solid construction.
Capitalize on a property with robust income potential and city-supported growth incentives.
**Disclaimer**:
All information provided in this listing is deemed reliable but is not guaranteed. Buyers and their agents are advised to independently verify all details, including but not limited to property features, measurements, and any other information with the seller or their agent prior to making decisions.
Directions: Directions to 5001 Independence Ave from Downtown Kansas City: 1. Start on I-70 East: Head east on I-70 from downtown Kansas City. 2. Take Exit 6 for Van Brunt Blvd: Merge onto Van Brunt Blvd heading north. 3. Turn Right onto Independence Ave: Continue east on Independence Ave. 4. Arrive at 5001 Independence Ave: The destination will be on your left. Approximate travel time is about 10-15 minutes, depending on traffic.
Additional Information
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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of December 13, 2024 at 12:00:00 AM UTC.
© 2024 Heartland Multiple Listing Service, Inc. Based on information submitted to the MLS GRID as of December 13, 2024 at 12:00:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listed By: Tj Jebali of Kw Kansas City Metro
