July 20, 2011

For more than 50 years, Victor Ross Commercial Real Estate been a prominent player in the commercial real estate market in Kansas City. This week, we spotlight a local listing on bustling Independence Avenue, right in the heart of the Northeast International Market place. Many old-school Northeast residents might recognize this building as the old Colortyme TV rental building located at 3415 Independence Avenue.

This all-brick, single story structure is perfect for a restaurant or retail establishment. Its most recent incarnation was a Latino Grocery store/restaurant.

With a main floor fronting the Avenue that measures 4,000 square feet, the potential is limitless. According to listing agent Wally Bredemeier, the interior is fully fixtured for restaurant or food use. As in most commercial real estate listings, the interior is also tenant finish for the new owner/tenant.

For added storage space, there’s a full basement below the main floor that also measures a full 4,000 square feet. There are two overhead doors that make vehicle storage or product shipping and receiving a breeze. Off-street parking is in the rear with a gated, paved parking area that accommodates roughly 15 to 20 cars.

The interior is fully climate controlled by a forced air gas furnace and central air conditioning. Probably the most appealing feature of the property is its frontage along Historic Northeast’s busiest thoroughfare. More than 100,000 vehicles a day pass this location and that translates into dollars in the cash register for any retail operator with an eye for aggressive marketing and shrewd business savvy.

Commercial real estate values are down now, which means the time to buy good, solid business properties is now. That said, the price on this Avenue-fronted retail outlet is extremely aggressive at $249,000. Keep in mind that investment real estate can be an excellent piece of a diversified 401-K portfolio.

If you’d like to take a look at this opportunity or any of the other Victor Ross & Company listings, call Vic or Wally today at 816/483-0500.

– Michael Bushnell