5301 Prospect Ave Corner Lot Retail
Retail | 2,300 SqFt
Marketing description
**5301 Prospect Avenue, Kansas City, MO 64130‑3612** Explore the potential of this commercial property with an asking price of $125,000. The building, spanning ~2,362 sq ft on a lot of approximately 0.25 acres, offers endless possibilities. Located on a corner lot along the bustling Prospect Avenue, the property benefits from high visibility and easy access to major roads, including US Highway 71. The existing brick commercial building has experienced fire damage, presenting a unique opportunity for either restoration or redevelopment. With its generous lot size, there is room for expansion, parking, or new construction. Priced attractively below replacement cost at ~$33.87 per sq ft, this property is an ideal investment for those seeking value-add opportunities or redevelopment ventures. Take advantage of this strategic location in a transit-oriented development corridor, where infrastructure improvements and increasing demand promise a bright future for this property. Contact us now to uncover the full potential of 5301 Prospect Avenue.
Investment highlights
### Prime Redevelopment / Value-Add Opportunity in the heart of the Prospect Corridor District ###
**5301 Prospect Avenue, Kansas City, MO 64130-3612**
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#### Property Overview
* **Address:** 5301 Prospect Avenue, Kansas City, Missouri 64130-3612
* **Square Footage:** Approximately 2,300 sq ft existing building
* **Lot Size:** ±0.25 acres / \~10,890 sq ft
* **Year Built:** 1940
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#### Key Selling Points
* **High Visibility & Corner Location** – The building is situated on a corner lot with excellent frontage, offering strong exposure. Convenient access to major roads including U.S. Highway 71 southbound.
* **Versatility & Flexibility** – Because of its condition the site offers two paths:
1. Renovate / restore the existing structure for your own use.
2. Demolish & redevelop the land for a new build.
* **Value Pricing** – Priced significantly below replacement cost, this presents an attractive entry point for investors, developers, or business-owners seeking to tap into Kansas City’s commercial redevelopment market.
* **Strategic Location** – Positioned in a corridor that benefits from both traffic and proximity to commerce. Ideal for a wide range of commercial uses (retail, office, service, possibly light industrial subject to zoning).
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#### Opportunity & Potential Uses
* Retail storefront / service business
* Restaurant / fast-casual / mixed use retail-office
* Community commercial / neighborhood anchor
* Redevelopment to small office suite complex or creative use
* Land redevelopment for new build with modern design
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#### Investment Highlights
* Low basis making upside substantial
* Strong price per square foot given lot size and exposure
* Possibility to leverage redevelopment incentives depending on municipal programs
* Owner / user or speculative investor opportunity
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#### Considerations
* Property has sustained fire damage; costs of renovation will need to be assessed.
* Zoning verification and utility connections should be confirmed.
* Timing for redevelopment may vary depending on permitting & local code.
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Contact & Next Steps: For additional information, interior & exterior photos, site plans, and to arrange a site visit,
Pics:
https://drive.google.com/drive/folders/1Y6eJfGSRaWcL38364fyxHIRtY-uAYPO2?usp=sharing
Please contact:
Stephen Douglas Fennell,
Commercial & Residential Real Estate, EVP
Realty One Group Encompass LLC
O- 816-607-1098
M- 913-748-6258
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