3915 Washington St
Kansas City, MO 64111
Commerce de détail Propriété À vendre

Flexible mixed-use investment opportunity in Kansas City’s Westport/Plaza corridor
Marketing description
Exceptional mixed-use investment opportunity in Kansas City's highly desirable Westport/Plaza corridor. This property features an income-producing commercial space on the first floor, three fully renovated turnkey apartment units above, and an additional lot at 3915 Washington St.(Lot size +-3,020 sf) that offers future flexibility for parking, outdoor amenities, or potential expansion, subject to city approvals. The commercial space provides excellent street visibility along Broadway Blvd and currently generates approximately $21,000 annually in rental income. The tenant is currently operating on a month-to-month basis, creating the opportunity to negotiate a long-term lease and further stabilize the asset. The three residential units have been extensively renovated with updated kitchens, bathrooms, finishes, systems, appliances, dedicated HVAC units, separate metered utilities, and a new roof serving the property. The apartments were rebuilt with the intention of resuming rental operations, allowing a new owner to acquire a substantially improved asset without the burden of a major renovation project. The residential component offers multiple income strategies, including traditional long-term rentals, short-term rentals (subject to applicable city approvals), or a hybrid approach. The property has a prior short-term rental operating history with reported annual revenue ranging from $90,000 to $100,000. The additional lot enhances the investment potential by providing space for additional parking, tenant amenities, outdoor gathering areas, or future development opportunities, subject to zoning and city requirements.
Disclaimer: All property information, income projections, rental assumptions, zoning, permitted uses, expenses, development potential, and future expansion opportunities are provided for marketing purposes only and should be independently verified by buyers and their representatives.
Investment highlights
- Prime Westport Area Mixed-Use Investment
- Income-Producing Commercial Space + (3) Renovated Turnkey Residential Units
- Residential Flexibility: Short-Term Rental, Long-Term Rental, or Hybrid Strategy
- Commercial Tenant in Place
- Additional Land Offering Expansion, Parking, or Outdoor Amenity Upside
- Opportunity Zone (Qualifies for City Incentives)
- Zoning: B3-2 & Residential
- Mixed-Use Property
The property includes commercial space along Broadway and fully renovated residential apartment units above.
- Income-Producing Commercial Space
The commercial space is approximately 600-800 square feet and is currently leased at $1,800 per month, or $21,600 annually.
- 3 Turnkey Residential Units
The residential portion includes three turnkey fully renovated apartment units, offering a clean and New setup for either long-term rental or short-term rental use, subject to applicable city requirements.
- Additional Land / Redevelopment Potential
3915 Washington St offers additional land (Lot size +- 0.069 acres) that may be used for parking, outdoor common area, future units, or other development concepts. Depending on need and development feasibility, the lot may support additional parking, an outdoor tenant amenity area, or potential future expansion of up to 4 units already approved by the city.
- Projected Future Value: $1M post-renovation
Property Details:
- Commercial Space: +/-800 sf Currently leased, generating $1,800/month
- Residential Units: Formerly a 3-unit apartment building, now gutted and ready for transformation. Estimated renovation costs are approximately $250,000.
- Additional Land: Extra parcel included at the rear of the property—offering endless development potential!
This high-potential property is ideal for investors and developers looking to make a strategic acquisition in a prime Kansas City location. Don’t miss this opportunity—properties like this are rare and sell quickly!
**Square Footage to be verified by buyer or buyer's agent**