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.
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School Information
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.
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