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
Listed By
Agency Name: Wardell & Holmes Real Estate
Agency Phone: 816-416-7111
Shown By
Agent Name: Waylon Martin
Agent Phone: (417) 410-5964
Agency Title: Trophy Properties & Auction
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 $625,000. Search Kansas City real estate on wmartin.trophypa.com today.