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28689319
28689320

1810 Madison Ave, Kansas City, MO 64108 For Sale

SV
MO MO 2009035934, KS KS 00216330
Select Sites
SN
MO 2020026170, KS KS 00243964
Select Sites
Listed by Select Sites
$1,700,000
222 days on market
Updated 9 days ago
Opportunity zone

1810 Madison Avenue

Details
APN 29410110300000000
Property Type Land, Multifamily
Sub Type Commercial, Apartment Building (+1)
Square Footage 47,000
Tenancy Vacant
Lease Expiration 11/13/2026
Remaining Term 0.3
Price per SqFt $36
Class A
Lot Size (SqFt) 47,000
Zoning R-1.5
Investment Type Redevelopment
Sale Condition N/A

Multifamily Development Opportunity with Tax Abatement Potential

Marketing description

Rare Westside multifamily development opportunity in one of Kansas City’s most supply-constrained urban neighborhoods. This ±47,000 SF development site is zoned R-1.5 and supports up to 28 units by right. The property is currently being re-platted for clean delivery and offers a level development footprint with frontage along Madison Avenue and Belleview Avenue. The site is located within the Switzer and West Schools Urban Renewal Area, making qualified projects eligible for up to 10 years of property tax abatement, with the potential for 100% abatement on increased real property taxes. The property is also located within a continuously distressed census tract, creating additional incentive opportunities for developers. Situated directly along the planned Greenline KC West Pennway Trail, the property offers walkable access to the Westside, Crossroads Arts District, Southwest Boulevard, local restaurants, breweries, coffee shops, and neighborhood retail. Immediate access to I-35, I-670, Southwest Boulevard, and West Pennway places the site within minutes of Downtown Kansas City, Crown Center, the Plaza, and KU Medical Center.

Investment highlights

• ±47,000 SF Westside Development Site

• Zoned R-1.5 with Capacity for Up to 28 Units By Right

• Eligible for Up to 10 Years of Property Tax Abatement Through the Switzer & West Schools Urban Renewal Area

• Located Within a Continuously Distressed Census Tract with Additional Incentive Potential

• Level Site Being Re-Platted for Clean Delivery

• Direct Frontage Along the Planned Greenline KC West Pennway Trail

• Walkable to Westside Restaurants, Coffee Shops, Breweries, Retail, and the Crossroads Arts District

• Minutes from Downtown Kansas City, Crown Center, KU Medical Center, and the Country Club Plaza

• Immediate Access to I-35, I-670, Southwest Boulevard, and West Pennway

• Kansas City Multifamily Submarket Reporting Stabilized Occupancy Above 93%

• Forecast Rent Growth Exceeding 4% in the Surrounding Submarket

• Conceptual Site Plans Demonstrate Potential for Townhome or Multifamily Development

• Rare Infill Development Opportunity in One of Kansas City’s Most Supply-Constrained Urban Neighborhoods

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Listing Contacts

SV
MO MO 2009035934, KS KS 00216330
Select Sites
SN
MO 2020026170, KS KS 00243964
Select Sites
Listed by Select Sites

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Additional Information

Name
Sheryl Vickers
License
MO 2009035934
Name
Sara Nylund
License
2020026170
Brokerage
Select Sites
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