K-7 And Pr Star Pkwy Shawnee, KS 66227
This exceptional 40.5-acre mixed-use land parcel presents a remarkable investment opportunity in the thriving Lenexa, Kansas market. Boasting a substantial 1,764,180 square feet, the property is strategically located at the intersection of K-7 and Prairie Star Parkway, providing unparalleled accessibility. The AG zoning permits a variety of commercial development options. The site benefits from direct access to major highway systems, including convenient connections to K-10 and other metro area roadways. Further enhancing its appeal is convenient access via Dunraven Street to the north and the future Gleason Road to the west. This desirable Lenexa location places the property adjacent to prestigious institutions such as St. James Academy and AdventHealth Lenexa, as well as the new Canyon Creek single-family home development. The surrounding area boasts strong demographics, with a population of 73,888 and 26,211 employees within a 5-mile radius, and an average household income of $160,575 within a 3-mile radius. The asking price is $7,890,023, with a land value of $3.95 - $12 per square foot. The property's APN is IF231227-2020, IF231227-2029. This is a rare opportunity to acquire a highly accessible and strategically located parcel in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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