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Listed by Andrea Wardell • Wardell & Holmes Real Estate
$ 605,000
$ 605,000
Est. payment /mo
Sold on 08/28/2026
2939 Cherry ST Kansas City, MO 64108
0.27 Acres Lot
UPDATED:
Key Details
Sold Price $605,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2612481
Sold Date 08/28/26
Year Built 1986
Annual Tax Amount $17,544
Lot Size 0.269 Acres
Acres 0.26877868
Property Sub-Type Other
Source hmls
Property Description
Investment Offering | Stabilized Asset with Strategic Upside
Positioned 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 location
Strategic Owner-User Play: Plan for future occupancy upon lease expiration, while benefiting from income in the interim
The current tenant also holds a First Right of Refusal, creating a defined and transparent framework for any future sale considerations.
Investment Summary
Cap Rate: ~6.77%
Lease Term: Through May 2027
Asset Type: Stabilized, income-producing
Year Built: 1986
Additional Features: Owned solar infrastructure
Buyer and Buyer's Agent to verify any and all information as it pertains to the property.
Seller is Licensed in Kansas and Missouri
Positioned 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 location
Strategic Owner-User Play: Plan for future occupancy upon lease expiration, while benefiting from income in the interim
The current tenant also holds a First Right of Refusal, creating a defined and transparent framework for any future sale considerations.
Investment Summary
Cap Rate: ~6.77%
Lease Term: Through May 2027
Asset Type: Stabilized, income-producing
Year Built: 1986
Additional Features: Owned solar infrastructure
Buyer and Buyer's Agent to verify any and all information as it pertains to the property.
Seller is Licensed in Kansas and Missouri
Location
State MO
County Jackson
Zoning M1-5
Interior
Interior Features Private Restroom
Fireplace N
Exterior
Exterior Feature Building Sign
Utilities Available Electricity Available, Natural Gas Available, Water Available
Building
Story 1
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
