3425 Terrace St - Warehouse FOR SALE


Kansas City, MO 64111- Coleman Highlands
$1,250,000 USD
816-215-1388
3425 Terrace St, Kansas City, MO for Sale
$1,250,000 USD
Warehouse - FOR SALE
1/17
null | Request Cap Rate

3425 Terrace St
Kansas City, MO 64111
Coleman Highlands


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Jennings Plaza Properties, LLC

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

R&D, Distribution, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

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

CLEAR CEILING HT

25 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.29

LAND SF

99,752

ZONING

M-1

APN/PARCEL ID

29-930-11-04-00-0-00-000

ASK ABOUT THIS PROPERTY

Julie JenningsJennings Plaza Properties, LLCMore Info
816-215-1388

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Julie JenningsJennings Plaza Properties, LLCMore Info
816-215-1388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.