2021 Truman RdKansas City, MO 64127

For Sale
$360,000

Prime KCMO location, vacant, dual-use potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a vacant, 3,888-square-foot retail property situated on Truman Road in Kansas City, Missouri. The property, listed at $360,000 ($92.59/sq ft), features two buildings on a 12,800-square-foot lot, zoned B2-3. Built in 1938, the single-story structures offer versatile space suitable for various uses, including an auto shop and restaurant. The property includes all restaurant furnishings (tables and chairs) and a one-car garage with a lift. The sale encompasses both the buildings and the concrete parking lot. An adjacent grassy area is also included in a separate listing (MLS#2367062) for $600,000, offering the potential for a larger acquisition. This property is located within an Opportunity Zone and Kansas City's Enhanced Enterprise Zone (EEZ), potentially offering significant tax benefits. Eligible businesses may qualify for the Missouri WORKS income tax benefits program, providing a 10-year, 50% abatement on increased property taxes. While not currently within a redevelopment incentive area, the possibility of establishing a new incentive area through the KCMO EDC exists. This property is ideal for owner-users seeking a prime location with flexible usage options. Consider this a strong investment opportunity, with the potential for expansion by acquiring the adjacent property. The APN is 29-140-25-24-00-0-00-000.

Highlights

  • $360,000 asking price for a vacant, multi-tenant retail property.
  • 3,888 square feet on a 12,800 square foot lot, priced at $92.59 per square foot.
  • Located at 2021 E Truman Rd, Kansas City, MO 64127, in Jackson County.
  • Features two 1-story buildings built in 1938, with B2-3 zoning.
  • Property includes a former restaurant with existing furniture and a one-car garage with a lift; suitable for an auto shop or car dealership.
  • Owner-user investment opportunity; broker co-op available.

Property Details for 2021 Truman Rd

Property type
Other retail properties, Restaurants
Square Feet
3,888 SF
Class
B
Year Built
1938
Buildings
2
Stories
1

Location Insight

City
Kansas City
County
Jackson
State
Missouri
Latitude
39.094889900534
Longitude
-94.557684100213
2021 Truman Rd, Kansas City, Missouri

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2021 Truman Rd
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