1810 Madison Avenue
Multifamily Development Opportunity with Tax Abatement Potential
Marketing description
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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