2115-2125 E 31st St | Kansas City, MO 64109
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2115-2125 E 31st St
Kansas City, MO 64109
Brooklyn Place · Retail Property For Sale
Executive Summary
Offering this 10 unit mixed use asset with significant value add and development potential at $50K/door! 5 residential and 5 commercial spaces. Rehab the large residential spaces and occupy at market rates. Commercial spaces can be rented with triple net leases allowing an owner's costs to be 100% covered by the tenant! Hair Salon, mechanic shop, coffee shop and laundromat are a few explored ideas for the commercial spaces. Whether it's a business owner looking to run their own business and earn some cash flow, an investor holding for the long term, or a flipper looking to earn substantial returns post rehab, the options are endless. Bonus: Large parcel of land included. Land can be used to develop several multifamily units or an additional mixed use asset. Located in an opportunity zone, tax credits and city funding could be utilized to further enhance one's return! Owner is looking to lease 4 commercial spaces. Current availability is estimated to be 800 SF possible Tire shop, 1000 SF possible Body shop, 1100 SF Beauty Shop, and 1600 SF possible Laundromat. TI negotiable.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
10,658 SF
Building Class
C
Year Built
1900
Price
£278,397
Price Per SF
£26
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Slab to Slab
11 ft
Building FAR
1.88
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
Retail - Mix-Use
Parking
6 Spaces (1.34 Spaces per 1,000 SF Leased)
Frontage
52 ft on 31st St
Amenities
- Signage
- Air Conditioning
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