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Jennings Plaza Properties, LLC 3425 Terrace St 7,368 SF Industrial Building Kansas City, MO 64111 $1,535,512 CAD ($208.40 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Great Midtown location with land - close to all major highway entrances -
  • Secure
  • Can be repurposed for just about anything with ample land area

EXECUTIVE SUMMARY

With 33.3% down payment we are able to offer Owner Financing at 5% with payment inclusive of rent payment/principle payment/interest. 3-5yr max with balloon payment at the end. The entire property is for sale or lease to own. We would consider just a straight lease but the property would remain for sale. So long term lease would not be required. The warehouse is a 7000sqft Butler Manufactured building with Steel Frame constructions built in 1974. We added a half bathroom with work sized sink and it is insulated for electric heat in the winter. There is also another larger insulated room that fits a truck with equipment on the back we used for keeping spray machine warm when temps fluctuated that is heatable by electric heater in winter. After 40 years, the gas company has now run gas service to the building so any size connection can be plumbed for furnace or gas appliances. The largest part of the building is not insulated. We stored our fleet of vehicles in the building so did not need it to be heated or cooled. The sale includes the 2.29 acres of land that is on both sides of the building and we also own the elevation on the east hill. The entire lot is fenced with new fence in 90% of the runs. The hill is not fenced at the top except for the portion at the farthest north which is fenced at our wall not at our elevation. We have survey from our purchase and updated survey from Anderson Surveyors who did the original survey for when we restaked the corners for new fence installation. There are portions of the fence (if not needed that can be moved to other portions of the fence. We locked a portion of the lot for firewood seasoning and split wood storage. There are three working overhead doors in the building. 14', and 2 - 12' doors one is loading dock capable but we installed fence in front of that one as we didn't use it but could easily be functional again as a loading dock. But tractor trailers can enter and exit the property without having to turn around as there are three working gates and a driveway behind the building to exit from another gate. And the other has an electronic door lift. I added walk thru videos to show the interior space. But the building is more empty then when the video was filmed. But the vintage Cadillac parts are a bit more spread out for sale purposes of those items. I am happy to set up appointments to see the inside as well. And will be having at least one more sale of items being stored there. We are now listing for sale by owner. Buyers agents allowed. But it is for sale by owner. The property is the only M-1 zoned property currently for sale in 64111 or closest surrounding zip codes with a building of our size and acreage. We would consider a month to month lease as our desire is to sell or lease to purchase.

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,535,512 CAD
Price Per SF $208.40 CAD
Sale Type Owner User
Sale Conditions
Lease Option
  • Short Sale
Property Type Industrial
Property Subtype
Warehouse
  • Flex Research & Development
  • Industrial Distribution
  • OfficeLoft Creative Space
Building Class C
Lot Size 2.29 AC
Rentable Building Area 7,368 SF
No. Stories 1
Year Built 1974
Tenancy Single
Parking Ratio 3.57/1,000 SF
Clear Ceiling Height 25’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 2
Zoning M-1 - It is the only property currently M-1 in the 64111 zip code with land that is for sale. But anything under M-1 is possible at this location.

AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Floor Drains
  • Front Loading
  • Security System
  • Signage
  • Skylights
  • Wheelchair Accessible
  • Storage Space
  • Fiber Optic Internet
  • Smoke Detector

UTILITIES

  • Lighting - Incandescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Electric

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 7,000 SF
  • Industrial
  • Full Build-Out
  • Now

The entire property is for sale or lease to own.

Space Size Space Use Condition Available
1st Floor 7,000 SF Industrial Full Build-Out Now

1st Floor

Size
7,000 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Floor

Size 7,000 SF
Space Use Industrial
Condition Full Build-Out
Available Now

The entire property is for sale or lease to own.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-930-11-04-00-0-00-000
Land Assessment
$88,840 CAD (2025)
Improvements Assessment
$89,675 CAD (2025)
Total Assessment
$178,515 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2024
  • Listing ID: 31418530

  • Date on Market: 2024-04-04

  • Last Updated:

  • Address: 3425 Terrace St, Kansas City, MO 64111

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