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2939 Cherry Street, Kansas City, MO 64108

$605,000
  • 2939 Cherry Street, Kansas City, MO 64108 Main Photo

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Active Under Contract
MLS#2612481
STATUSActive Under Contract PROPERTY TYPECommercial - Business

Property Description

Investment Offering | Stabilized Asset with Strategic UpsidePositioned in the established and evolving Longfellow neighborhood, this 1986-built asset presents a rare opportunity to acquire a stabilized, income-producing property with both operational efficiency and future optionality.The property is currently leased to an established tenant through May 2027, providing immediate, predictable cash flow. Based on current financials, the asset is operating at an approximate 6.77% capitalization rate, supported by a strong income stream and controlled expenses. Full lease documentation and T-12 financials are available for qualified buyers.A notable enhancement to the asset is the presence of owned solar panels, reducing utility exposure and contributing to long-term expense stability?an increasingly valuable feature for both investors and future occupants.This offering presents a dual-path opportunity:Passive Investor Play: Secure in-place income with a performing tenant and solid yield in a central Kansas City locationStrategic Owner-User Play: Plan for future occupancy upon lease expiration, while benefiting from income in the interimThe current tenant also holds a First Right of Refusal, creating a defined and transparent framework for any future sale considerations.Investment SummaryCap Rate: ~6.77%Lease Term: Through May 2027Asset Type: Stabilized, income-producingYear Built: 1986Additional Features: Owned solar infrastructureBuyer and Buyers Agent to verify any and all information as it pertains to the property. Seller is Licensed in Kansas and Missouri

2939 Cherry Street | MLS# 2612481

This commercial property located at 2939 Cherry Street, Kansas City, MO 64108 is currently listed for sale with an asking price of $605,000. Search Kansas City real estate on www.trophypa.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.27 Acres
Stories: 1.0
Year Built: 1986

Feature Descriptions

Current Use: See Remarks
Days on Site: 106
Flood Plain: Unknown
In City Limits: Yes
Location: Free Standing
Parking: Parking Lot, Paved
Raod Frontage: City Street
Sale Includes: Building Only
Utilities: Electricity Available, Natural Gas Available, Water Available

Listed By / Shown

Listed By

Agency Name: Wardell & Holmes Real Estate
Agency Phone: 816-416-7111

Shown By

Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263

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