1645 Washington Blvd

$425,000
$92/Sq Ft

1645 Washington Blvd

Property Details

Property Size 4872 sqft
Land Area 5302 sqft
Property Status For Sale
Year Built 1950
Property Type Commercial
Stories 2
Units 3
Parking Spaces 11
Parking Type Private Parking

Property Description

2-story masonry building totaling 4,872 SF in the heart of Kansas City, KS. The first floor offers two retail suites — a large space currently operating as a long-standing hair salon and an additional smaller suite ideal for boutique, office, or service use. The second floor features a wide open layout with a private enclosed room and separate rear access, making it perfect for creative, professional, or studio tenants. The property provides 11 on-site parking spaces (6 in front, 5 behind), rare for the corridor. Located along Washington Blvd, the site benefits from excellent visibility, walkability, and access to surrounding retail and residential neighborhoods. Zoned C-1 Commercial, the building supports a variety of uses and offers strong investment or owner-user potential.

Investment Highlights

Pro Forma Income 57000
Pro Forma NOI 44000
Pro Forma Expense 13000
Pro Forma Cap Rate 9.7%
Vacancy 100%
Taxes $3,500

Investment Description

Market rents in the area support projected income of $55K–$65K annually, translating to a stabilized NOI of roughly $42K–$47K and a potential 9–10% cap rate. With C-1 zoning, 11 on-site parking spaces, and excellent visibility on Washington Blvd, this property is ideal for retail, office, or creative uses. Low property taxes (approximately $3,500 annually) and strong neighborhood demand make it an attractive investment for those seeking steady cash flow and long-term appreciation potential.

Cordura RE Commercial & Residential Real Estate

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Cordura RE Commercial & Residential Real EstateCordura RE Commercial & Residential Real Estate

First Floor

The first floor of the property features two flexible retail suites with excellent street-level visibility and direct entry. • Unit B (1,218 SF): Ideal mid-sized retail or service space with an open layout, suitable for boutique shops, professional services, or quick-serve concepts. • Unit C (609 SF): Compact retail suite perfect for specialty uses such as a salon, small café, office, or startup storefront. Both units benefit from strong window lines for signage, pedestrian visibility, and convenient access for customers. Their manageable sizes make them attractive for local businesses seeking affordable space in a neighborhood setting.

Size:
1827 Sq Ft

Second Floor

The second floor offers a spacious 2,436 SF open layout, providing flexibility for a wide range of uses. With its larger footprint, it can accommodate professional offices, medical services, creative studios, or even a shared coworking concept. The floor benefits from natural light, a quiet atmosphere compared to the street-level suites, and the ability to be customized to tenant needs. This makes it ideal for businesses seeking affordable, adaptable space with the privacy of an upper-level setting while still being connected to a neighborhood retail corridor.

Size:
2436 Sq Ft

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