- For sale
3200 Main Street (the “Property”) encompasses 5.36 acres along Main Street in
Kansas City’s rapidly evolving urban core. The offering presents a rare opportunity
to acquire a large development site in the path of the new streetcar extension line,
which will bring new development to the Midtown corridor.
The offering includes the 2.86-acre site at 3200 Main Street with excellent frontage
along Main Street and the 2.50-acre site at 100 W. 31st Terrace. With more than
550 linear feet of exposure along Main Street, the Property is perfectly positioned
for a high density development along the upcoming KC Streetcar Main Street
extension line. This will connect the existing streetcar line in the downtown district
southwards along Main Street to the University of Missouri-Kansas City campus
just south of the Country Club Plaza. The extended streetcar line will dramatically
enhance the Midtown corridor and the Property is well-positioned to be at the
heart of this growth.
The Property is located within a Transit Node of the Main Corridor Overlay as
designated by the City of Kansas City. According to the City’s planning department,
transit nodes encourage an appropriate mixture of density and uses around
rapid transit stops to increase ridership, support transit investments and are
characterized by compact development. These nodes facilitate access between
rapid transit stops and nearby residential, commercial, civic, recreational
and institutional uses. Being in a transit node presents an opportunity for a
much higher density project on the site with City zoning that allows for vertical
development up to 15 stories and a floor area ratio of 1.0.