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20606569
20606568

5001 Independence Ave, Kansas City, MO 64124

BH
MO 2021003276
KW Commercial Prairie Village
TJ
2022027711
KW KANSAS CITY METRO
Listed by KW Commercial Prairie Village, KW KANSAS CITY METRO
$265,000
579 days on market
Updated 62 days ago
Opportunity zone

Office & Church-Venue-Daycare or Educational Facility

Details
Property Type Multifamily, Office (+2)
Sub Type Religious/Church, School (+1)
Square Footage 13,918
Units 8
Pro-Forma Cap Rate 27.88%
Pro-Forma NOI $73,881
Price per SqFt $19
Class B
Year Built 1981
Buildings 2
Stories 2
Zoning B3-2/ICO
Investment Type Value Add

Office & Church-Venue-Daycare or Educational Facility - Price Reduction now offered at $19/sf !!!

Marketing description

Prime Investment Opportunity at 5001 Independence Ave, Kansas City, MO 64124!

Seller Relocating – Price Reduced to $265,000! Now priced at $19/SF, Motivated seller, but not distressed—pricing has been adjusted to attract qualified buyers capable of closing quickly.

Versatile property with tremendous potential: two buildings totaling 13,918 SF on a spacious 0.38-acre lot. 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 CAP 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.

Investment highlights

Location: 5001 Independence Ave, Kansas City, MO 64124

Total Space: 13,918 SF across two buildings on a 0.38-acre lot

Price per SF: $19

Current Layout: Includes a church space and seven office units across two stories

Flexible Use Potential: Ideal for religious organizations, office rentals, multifamily, senior living, and more

Vacant, Value-Add Opportunity: Ready for leasing with a projected pro-forma NOI of 14.78%

Opportunity Zone Location: Eligible for city grants and incentives to enhance ROI

Incentives Available: Includes Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs

Prime Area: High-traffic location with favorable community demographics, excellent accessibility, and flexible zoning

Listing Contacts

BH
MO 2021003276
KW Commercial Prairie Village
TJ
2022027711
KW KANSAS CITY METRO
Listed by KW Commercial Prairie Village, KW KANSAS CITY METRO

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Additional Information

Name
Ben Hassine
License
2021003276
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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