Mixed-use Redevelopment Infill Sites

Descriptions

aka 825 & 845 E 78th St. Ideal for former use or adaptive reuse such as Sr living community; educational and/or religious; multi-family of up to 21.6 units/acre, student, affordable or transitional housing; medical office. Former 102,000 SF, 4-story nursing home of 194-beds, solid concrete constructed bldg. built in 1950 w/additions in 1968 & 1984. Beautifully landscaped campus setting w/mature trees, walking path, enclosed courtyard, & off-street parking. Large level lot of 9-acres on NE corner of E 79th & Holmes in mature residential Garden Place Subdivision of the Tower Homes neighborhood. W/in minutes of the best of KC, blocks from MAX BRT line, & easy HWY access. Seller will consider leasing & owner financing subject to terms & conditions. Eligible for National Register of Historic Places (preservation tax incentives). MPD Zoning District, Master Plan Development.

Foundation: Reinforced concrete slab
Structure: Brick, glass block and metal exterior
Walls: Brick (exterior), painted drywall (interior)
Lighting Fixtures: Various fluorescent & incandescent fixtures, 25% of which has been recently updated to energy efficient LED
Roof: Rubber membrane, partially replaced on 8K+/- SF
HVAC: 5 boilers that heat the main building, recently updated and 2 AC units rated at 20,000 tons each
Electrical: Configured to accommodate a backup generator
Plumbing: Recently updated hot water system
Fire Sprinklered: Partial coverage, wet sprinklers are located in approx 30% of the improvements
Elevator: 3, no longer in operation
Parking/Access: Asphalt paved of 90 spaces (0.88/1000). Two curb cuts on Holmes.
Windows: Single pane
Tax Abatement: Eligible for the National Historic Registry of Places and New Markets Tax Credit Program (NMTC). It may be possible to create an Urban Renewal Area (URA) or Planned Industrial Expansion Area (PIEA) subject to further verification.
Additional Fasts:
1) Main building was a former skilled nursing building, containing a total of 4 stories and a courtyard on the south end of the property. - Garden Level: 35k +/- SF - 1st floor: 35k +/- SF, which includes a 4k+/-SF kitchen and another 6k+/-SF synagogue - 2nd floor: 20k +/- SF - 3rd floor: 10k +/- SF 2) 8,376 +/- SF, single story metal frame mechanical building constructed in 1965 and also contains a laundry facility made operational in 2011-2012 accessible by tunnel from garden level of main building.
3) 500 +/- SF single story metal frame storage building built in 1960. There are no utilities to this building.
4) 1,552 +/- SF single family home on the property, currently leased to a daycare operator on MTM basis.

Listing Courtesy of: Susan Scott - RE/MAX State Line Commercial Real Estate. Susan Scott 816-668-7276