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Listed by Sara Nylund • Select Sites LLC
$2,150,000
Est. payment /mo
1.08 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2589237
Annual Tax Amount $2,624
Lot Size 1.079 Acres
Acres 1.0789715
Property Sub-Type Unimproved Land
Source hmls
Property Description
Rare Westside multifamily development opportunity in one of Kansas City's most supply-constrained urban neighborhoods. This ±47,000 SF development site is zoned R-1.5 and supports up to 28 units by right. The property is currently being re-platted for clean delivery and offers a level development footprint with frontage along Madison Avenue and Belleview Avenue.
The site is located within the Switzer and West Schools Urban Renewal Area, making qualified projects eligible for up to 10 years of property tax abatement, with the potential for 100% abatement on increased real property taxes. The property is also located within a continuously distressed census tract, creating additional incentive opportunities for developers.
Situated directly along the planned Greenline KC West Pennway Trail, the property offers walkable access to the Westside, Crossroads Arts District, Southwest Boulevard, local restaurants, breweries, coffee shops, and neighborhood retail. Immediate access to I-35, I-670, Southwest Boulevard, and West Pennway places the site within minutes of Downtown Kansas City, Crown Center, the Plaza, and KU Medical Center.
The site is located within the Switzer and West Schools Urban Renewal Area, making qualified projects eligible for up to 10 years of property tax abatement, with the potential for 100% abatement on increased real property taxes. The property is also located within a continuously distressed census tract, creating additional incentive opportunities for developers.
Situated directly along the planned Greenline KC West Pennway Trail, the property offers walkable access to the Westside, Crossroads Arts District, Southwest Boulevard, local restaurants, breweries, coffee shops, and neighborhood retail. Immediate access to I-35, I-670, Southwest Boulevard, and West Pennway places the site within minutes of Downtown Kansas City, Crown Center, the Plaza, and KU Medical Center.
Location
State MO
County Jackson
Zoning R1.5
Interior
Equipment None
Fireplace N
Exterior
Utilities Available Electricity - Verify, Natural Gas Available
Building
Lot Description City Lot
Sewer Public Sewer
Water City/Public - Verify
Schools
Elementary Schools George Melcher
Middle Schools Central
High Schools Lincoln High School
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nearby Locations
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