9402 Blue Ridge BlvdKansas City, MO 64138

For Sale
$565,000

Kansas City retail investment, owner financing.

Overview

Added:
Dec 11, 2024
Days on market:
92
This 11,345 square foot retail shopping center, located at 9402 Blue Ridge Blvd, Kansas City, MO 64138, presents a compelling value-add opportunity. Situated on a 1.5-acre lot in Jackson County, this single-story, 1973-built property boasts 40 parking spaces and flexible B3-2 zoning. Currently vacant, the center offers four existing retail spaces with the potential to expand to six, generating additional income. The property features a pro-forma NOI of $100,000 and a pro-forma cap rate of 17.70%, representing a strong return on investment. The asking price is $565,000 ($49.80/sq ft), with owner financing available. This prime location benefits from high traffic visibility on Blue Ridge Blvd, 24/7 accessibility, and proximity to a population exceeding 39,000 with a median household income of $39,659. The property is located in an Opportunity Zone, qualifying for city incentives, and includes supplemental income from parking leased to an adjacent business. This presents a unique chance for redevelopment and expansion, capitalizing on the high-traffic location and flexible zoning.

Highlights

  • Opportunity Zone designation, eligible for city incentives.
  • Owner financing offered.
  • Four to six retail spaces in a value-add property.
  • High visibility and traffic counts on Blueridge Blvd.
  • Versatile space suitable for diverse businesses.
  • Potential to add two retail spaces with additional parking.

Property Details for 9402 Blue Ridge Blvd

Property type
Lifestyle centers, Power centers
Square Feet
11,345 SF
Class
C
Year Built
1973
Buildings
1
Stories
1
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Kansas City
County
Jackson
State
Missouri
Latitude
38.953744478978
Longitude
-94.508234862345
9402 Blue Ridge Blvd, Kansas City, Missouri

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9402 Blue Ridge Blvd
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