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Zoned Multifamily Development Land

23330 W 119th Street Olathe, Olathe, KS 66061

For Sale
$10,515,000

City-zoned land approved for a planned mix of townhomes and apartments with highway access and retail positioning.

Property SizeContact for details
Lot Size66.40 Acres
Days on Market136

Property Features for 23330 W 119th Street Olathe

General Information

Standard status Active
Lot size 66.40 Acres
Property subtype Land
Zoning R-1

Additional Details

Highway Access Yes
Multifamily Units 597

Amenities

Public
65.88
Other
Listed By: Rachel Bell
Source: Hahnrealtors
Added: Jun 30 Changed: Oct 31 Last Checked: Oct 7 at 9:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rachel Bell

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Investment Insights

Based on property information with market context.

This high-visibility development parcel has been zoned and approved by the city for a planned residential community. The approved plan contemplates 104 townhomes and 597 apartments, providing a defined framework for multifamily and townhome development on one tract.

The offering is positioned for convenient highway access and retail activity, supporting the intended residential uses and helping establish day-to-day convenience for future occupants.

For developers, builders, and land buyers seeking an entitlement-ready site, the city approval and established unit mix can help streamline the next phase of design and implementation. With the planned townhome and apartment components already reflected in the approved concept, the property may fit teams looking to move forward on a structured multifamily/townhome master plan.

Key Highlights

  • City‑zoned land with an approved plan for 104 townhomes and 597 apartments
  • 65.88‑acre lot with public water service
  • Zoning approved by the city for the planned townhome and apartment development

Property Analytics

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Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store HVAC Service Garden Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

597
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

30
Businesses Nearby

Demographics for 66061, KS

66,166
Population
24,744
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
93%
High-School Grad
63.3 sq mi
ZIP Area
1,045
Density / Sq Mi
$109,110
Median Household Income
$50,736
Median Earnings
$1,228
Median Rent
$337,400
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - City-zoned land approved for a planned mix of townhomes and apartments with highway access and retail positioning.
Where is this residential land & home lot located?
The property is located at 23330 W 119th Street Olathe Olathe, KS.
What is the asking price?
The asking price for this property is $10,515,000.
What are key features of this property?
This property features: City‑zoned land with an approved plan for 104 townhomes and 597 apartments; 65.88‑acre lot with public water service; Zoning approved by the city for the planned townhome and apartment development
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