Redevelopment Opportunity: Portfolio of 2 Assets for Sale

Approximately 849' of E Bannister Rd, a major east–west street and 462' of James A Reed Rd frontage, accessible from Wallace Ave. From I-435 East: Take exit 69 toward 87th St., then take the 2nd exit at roundabout onto E 87th St and turn right on James A Reed Rd. Building will be on the left. From I-470 West: Take Exit 4 toward Raytown Rd, turn right on Raytown Rd, then take left on Bannister Rd. Building will be on the right.Portfolio of 2-assets for sale to include Robandee Shopping Center, a complete redevelopment ideal for new mixed-use neighborhood development. 8202: 106,750± SF neighborhood retail s/c on 459,280± SF of land (10.54± AC). The multi-tenant retail bldg of 27-units was built in late 1960's, entails large monument sign & 360± asphalt paved parking spaces. Please do not disturb retail MTM Tenants. 8500: 18,750± SF office/retail bldg on 51,792± SF of land (1.19± AC). The vacant bldg was built sometime between 1975-80 as an indoor roller skating facility, later converted into a furniture retail store circa 1986 then converted into offices in 2000. All of which is in various stages of disrepair and zoned B3-2, Community Business. Marketing as land. No access provided. 2019 Ph 1 Environmental & Property Condition Assessments upon request. Approximately 849' of E Bannister Rd, a major east–west street & 462' of James A Reed Rd frontage, accessible from Wallace Ave. Located w/in a continuously distressed census tract, the E Bannister Planned Industrial Expansion Area (PIEA), makes it eligible for tax abatement of 10 yrs at 100% of the increased property taxes, followed by up to 15 yrs of 50% tax abatement. SE Jackson County submarket near Oracle Cerner - Innovations Campus one of KC’s largest Employers w/plans to develop over 200-AC into office park, which has spurred nearby hospitality, retail, sports, single-family homes, & affordable, market rate & luxury multi-family development. Great access to major thoroughfares – Interstates 470, 435, & 70 and 71 & 350 Hwys.