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21468512
29664056

5012 State Avenue, Kansas City, KS 66102 For Sale

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SS
Susan Scott PRO
KS 00219153, MO 2002032213
Select Sites
CS
Cherise Sedlock PRO
KS KS 00053403, MO MO 2000152123
Select Sites
SN
Sara Nylund
KS KS 00243964, MO 2020026170
Select Sites
Listed by Select Sites
$2,530,000
535 days on market
Updated 12 days ago

5000-5012 State Avenue

Details
APN 047529
Property Type Retail, Hospitality
Sub Type Storefront, Hotel (+1)
Square Footage 37,540
Net Rentable (SqFt) 30,254
Keys 33
Tenancy Vacant
Lease Type NNN
Class C
Year Built 1975
Buildings 1
Stories 3
Lot Size (SqFt) 72,745
Zoning C
Parking Spaces 55 spaces
Parking per 1,000 SqFt 1.47
Investment Type Value Add
Ceiling Height Main Level (Retail): 14’ Upper Level 12’
Ownership Private owner

Prime Investment: Versatile Retail & Commercial Space in the Heart of Kansas City!

Marketing description

This well-maintained 3-story retro mixed-use masonry block building offers versatile space on a 72,658± SF site. Located along a major roadway, the property has the potential to meet neighborhood retail and residential needs, offering strong value-add opportunities for redevelopment or repositioning. Main Level: 16,647± SF divisible into multiple retail storefronts, including a 5,900± SF full-service restaurant with 14' clear heights, ideal for retail and service establishments. Space availability for lease upon request. Upper Level: 14,607± SF with 31 studio-style residential units and 2 office spaces, providing in-demand housing and workspace solutions. Clear heights of 12'. Rear Garden Level: 6,286± SF suitable for office, quasi-retail or storage uses. Elevator-served building on a prominent, well-traveled State Avenue with substantial visibility for businesses. Direct access to I-635, I-70, and I-435 for seamless regional travel. Located in an area with increasing investment and development, positioning it as a growth focal point in KCK. Ideal for investors or owner-users to capitalize on its flexibility and potential.

Investment highlights

Investment Highlights - 5000 State Avenue, Kansas City, Kansas

• Prime Mixed-Use Asset: 37,540 SF, 3-story masonry block building with a mix of retail, office and residential units.

• Stable Income & Value-Add Potential: NOI of $258,103 with a 10.2% cap rate. Strong upside potential through leasing vacant spaces and repositioning.

Diverse Revenue Streams:

• Retail & Restaurant: 16,647 SF ground-level space, including a 5,900 SF full-service restaurant with 14’ clear heights.

• Residential & Office: 31 studio apartments + 2 office spaces totaling 14,607 SF.

• Garden Level: 6,286 SF office/quasi-retail/storage use.

Strategic Location & High Visibility:

• Positioned on State Avenue, a major commercial corridor.

• Excellent access to I-635, I-70, and I-435 for regional connectivity.

• Growing area with increasing investment and redevelopment activity.

Flexible Investment Opportunities:

• For Investors- Ideal for a long-term hold with stable cash flow and appreciation.

• For Owner-Users- Retail and restaurant spaces available for immediate occupancy.

• For Developers- Opportunity to enhance value through upgrades or redevelopment.

• Tax & Ownership Advantages- Owned by Jalisco Realty & Investment Co., with a 2024 appraised value of $2.64M, reflecting strong asset appreciation.

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Listing Contacts

SS
Susan Scott PRO
KS 00219153, MO 2002032213
Select Sites
CS
Cherise Sedlock PRO
KS KS 00053403, MO MO 2000152123
Select Sites
SN
Sara Nylund
KS KS 00243964, MO 2020026170
Select Sites
Listed by Select Sites

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Additional Information

Name
Susan Scott
License
00219153
Brokerage Phone
(913) 999-0824
Name
Cherise Sedlock
License
KS 00053403
Brokerage
Select Sites LLC
Brokerage Phone
8165604450
Title
Broker
Brokerage Address
2110 West 75th Street
Name
Sara Nylund
License
KS 00243964
Brokerage
Select Sites
Title
Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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  1. For Sale
  2. Retail
  3. KS
  4. Kansas City
  5. 5000-5012 State Avenue
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