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29453811
29453812

3006 Cherry Street, Kansas City, MO 64108

AW
MO 2008131950, KS 00236102 (+1)
Wardell & Holmes Real Estate
Listed by Wardell & Holmes Real Estate
$500,000
127 days on market
Updated 23 days ago
Opportunity zone

3006 Cherry Street

Details
APN 29-810-39-01-01-0-00-000
Property Type Industrial
Sub Type Warehouse, Industrial
Lot Size (SqFt) 12,802
Zoning M1-5

Tax ABATEMENT AND OZ PLAY IN MARTINI CORNER 7 blocks from Street Car PIEA

Marketing description

Prime urban infill development opportunity positioned for tax-advantaged upside in the heart of Kansas City’s fast-evolving core. 3006 Cherry Street is approximately ±12,082 SF parcel zoned M1-5, offering exceptional flexibility for commercial, mixed-use, and creative industrial concepts—with strong potential for tax abatement and Opportunity Zone strategies (buyer to verify eligibility and program requirements). Located just east of Downtown and minutes from the Crossroads and Crown Center, the site sits within a corridor seeing sustained reinvestment, rising residential density, and expanding employment bases. This positioning creates an ideal framework for long-term capital gains deferral, abatement-driven NOI enhancement, and exit value compression through modern infill product. Why This Works as a Tax Play Opportunity Zone–eligible area (buyer to confirm): Potential for deferral and reduction of capital gains with long-term hold strategies. Local tax abatement potential: Kansas City incentive programs may materially reduce real estate taxes during early years, improving project feasibility and cash flow. M1-5 zoning flexibility: Supports adaptive reuse, light industrial, office, showroom, studio, and select residential or mixed-use applications—allowing creative structuring to maximize incentives. Site & Market Advantages Flat, utility-served lot with strong access and visibility Central urban location with proven redevelopment momentum Immediate proximity to Downtown, Crossroads, Crown Center, and major highway corridors Assemblage optional: Can be acquired individually or as part of a larger land play to scale OZ benefits Use Profile: Ideal for developers, owner-users, or investors seeking a tax-efficient infill strategy Contact listing broker for detailed zoning allowances, incentive pathways (abatement/OZ), assemblage options, and underwriting support. Can be sold with MLS#2596180 as well as #2597817
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Listing Contacts

AW
MO 2008131950, KS 00236102 (+1)
Wardell & Holmes Real Estate
Listed by Wardell & Holmes Real Estate

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Additional Information

Name
Andrea Wardell
License
2008131950
Brokerage
Wardell & Holmes Real Estate
Brokerage Phone
816-416-7111
Title
Owner
Brokerage Address
2526 Holmes Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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