Plaza Point Apartments

4901 Wornall Rd, Kansas City, MO 64112

  • For Sale $27,500,000
  • Property Type Multi-Family
  • Property Size 130,000 SF
  • Units 1
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 168
  • Building Class B
  • Year Built 1971
  • Year Renovated 1971
  • Date Updated Jul 21, 2024
Designed in 1922 as the nation’s first suburban shopping district, the Country Club Plaza is the crown jewel of Kansas City. This 15-block mixed use property offers tenants, residents, and millions of visitors each year access to a best-in-class mix of food, fashion, and culture. Built with distinction, the Spanish-themed district is home to over 20 fountains and wishing wells, old-world sculptures, and mosaics scattered throughout the ornate red-tiled roofs and towers.Clemons Real Estate Clemons Real Estate has been retained exclusively to offer the opportunity to acquire Plaza Point Apartments, a 15-story multifamily property with 99 units and 6,000 square feet of ground level commercial space located in the heart of Kansas City, Missouri two blocks from the renowned historic Country Club Plaza. Plaza Point enjoys a healthy mix of units with one, two and three bedroom floorplans, all of which are sizable as compared to the competition. The property is well situated for the long haul due to extensive investment in replacing and upgrading key building systems over the past five years. In addition to meticulous repair and maintenance of the original finishes, ownership upgraded 30 units with granite countertops, new carpet and lighting. Savvy investors will recognize multiple value-add options: maintain and operate as is, convert some or all units to condominiums or execute a comprehensive upgrade to compete with the surrounding Class A properties for potential of this impeccably-maintained asset by way of rent growth, implementing a RUBS program, updating lobby finishes and renovating the remaining 69 units. Combined, some or all of the existing commercial space and upper level of the parking garage could feasibly convert to a reimagined amenity package to augment the appeal of the renovated units and location.

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Highlights

  • 2 Blocks from the Country Club Plaza
  • Upside Potential - Class A Location
  • High Occupancy Submarket
  • Top Tier Building Systems
  • Efficient Floor Configuration
  • Abundant Garage Parking
  • Space to Expand Amenities
  • Exceptionally Well Maintained

Contacts

broker

Holly Mills, MAI, CCIM

Clemons Real Estate

Location

Getting Around

  • Walk Score ®

    75/100 Very Walkable

  • Transit Score ®

    39/100 Some Transit

  • Bike Score ®

    36/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Kansas City, MO
  • Neighborhood South Plaza - Countryside
  • Zip Code 64112
  • Market Kansas City

Points of Interest

  • Union Station

    3.26 miles

  • Crossroads

    3.66 miles

  • Kauffman Center

    3.90 miles

  • Train and Tram Station

    4.02 miles

  • Power and Light

    4.07 miles

  • Metro Center

    4.27 miles

  • Metro Center

    4.32 miles

  • Library

    4.50 miles

  • North Loop

    4.65 miles

  • River Market West

    4.90 miles

  • ChargePoint

    0.27 miles

  • QuikTrip

    0.75 miles

  • BP

    0.89 miles

  • QuikTrip

    0.97 miles

  • BP

    1.16 miles

  • BP

    1.25 miles

  • Shell

    1.38 miles

  • Shell

    1.44 miles

  • Phillips 66

    1.67 miles

  • Shell

    1.87 miles

  • Parking Garage

    0.41 miles

  • Parking Garage

    0.50 miles

  • Oak Street Parking Structure

    0.55 miles

  • Medical Plaza Patient Parking Garage

    0.75 miles

  • Employee Parking

    0.76 miles

  • Hospital Employee Parking

    0.80 miles

  • Hospital Employee Parking

    0.86 miles

  • Rockhill Parking Structure

    0.92 miles

  • North Parking Garage

    1.04 miles

  • Borgia Parking

    1.16 miles

  • InterContinental Kansas City at the Plaza

    0.10 miles

  • The Raphael Hotel, Autograph Collection

    0.10 miles

  • Residence Inn Kansas City Country Club Plaza

    0.37 miles

  • Sheraton Suites Country Club Plaza

    0.40 miles

  • Courtyard by Marriott Kansas City Country Club Plaza

    0.41 miles

  • Hampton Inn & Suites Kansas City Country Club Plaza

    0.47 miles

  • Southmoreland on the Plaza

    0.51 miles

  • Extended Stay America - Kansas City - Country Club Plaza

    0.53 miles

  • Kansas City Marriott Country Club Plaza

    0.61 miles

  • Best Western Plus Seville Plaza Hotel

    0.79 miles

  • The Capital Grille

    0.17 miles

  • Kona Grill

    0.18 miles

  • Seasons 52

    0.18 miles

  • The Melting Pot

    0.18 miles

  • Plaza III

    0.19 miles

  • Gram & Dun

    0.21 miles

  • The Granfalloon

    0.22 miles

  • Potbelly

    0.24 miles

  • The Oliver

    0.24 miles

  • Zocalo

    0.25 miles

  • The Pembroke Hill School - Wornall Campus

    0.17 miles

  • L'Ecole Culinaire

    0.18 miles

  • Visitation School

    0.34 miles

  • Kansas City Art Institute

    0.69 miles

  • University of Missouri-Kansas City

    0.72 miles

  • Saint Teresa's Academy

    0.80 miles

  • School of Computing and Engineering

    0.85 miles

  • Bryant Elementary School

    0.91 miles

  • St. Luke's College of Health Sciences

    0.99 miles

  • Allen Village Charter School

    1.01 miles

  • St. Luke's Hospital Child Care Center

    0.90 miles

  • Alphabet Academy Child Care

    2.49 miles

  • Downtown Day Care

    4.38 miles

  • Inspire Early Education Center

    4.78 miles

  • Cotton Candy Daycare Center

    5.20 miles

  • Children's Choice

    5.36 miles

  • Holmeswood Baptist Church

    6.04 miles

  • Saint Peter's Day School

    7.71 miles

  • Cerner Kids

    7.85 miles

  • Ervin Early Learning Center

    9.16 miles

Frequently Asked Questions

How much does Plaza Point Apartments cost?

The space currently listed for sale at Plaza Point Apartments asks for $27,500,000.

What is the total square footage of Plaza Point Apartments?

Plaza Point Apartments totals 130,000 square feet.

When was this property built?

Plaza Point Apartments was built in 1971.

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Contact Listing Broker

broker

Holly Mills, MAI, CCIM

Clemons Real Estate