3541 Prospect AveKansas City, MO 64128

For Sale
$280,000

Prime location, renovated restaurant, retail potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This mixed-use property, located at 3541 Prospect Ave in Kansas City, Missouri, presents a unique investment opportunity. The 3,000 square foot building, constructed in 1910 and extensively renovated in 2024, boasts an all-brick exterior and sits on a 12,100 square foot lot. Currently vacant, the property offers two units: a fully renovated restaurant space and a separate retail space. The restaurant area features brand new electrical and plumbing systems, a substantial 16-foot range hood, a walk-in deep freezer, and two refrigerators. These recent upgrades provide a turnkey solution for a food service business. The retail space requires some additional improvements but offers significant potential. The property is zoned for retail use and is situated on a busy main street, offering high visibility and foot traffic. While currently vacant, market analysis suggests a potential rental income of $3,600-$3,800 per month for the restaurant space and approximately $1,200 per month for the retail space, totaling $4,800-$5,000 monthly. The asking price is $280,000, representing a price per square foot of $93.33. The property is classified as Class C and is offered for sale by owner. Seller financing is preferred, but cash offers and lease options will be considered. This property is located within an opportunity zone. The property's address is 3541 Prospect Ave, Kansas City, MO 64128. The APN is 31-320-08-08-00-0-00-000.

Property Details for 3541 Prospect Ave

Property type
Other retail properties, Restaurants
Square Feet
3,000 SF
Class
C
Year Built/Renovated
1910/2024
Buildings
1
Stories
1
Units
2

Location Insight

City
Kansas City
County
Jackson
State
Missouri
Latitude
39.0611386
Longitude
-94.5529797
3541 Prospect Ave, Kansas City, Missouri

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3541 Prospect Ave
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