Property profile

291 Hwy & 150 Hwy Lee's Summit, MO 64082

OFF-MARKET
Land
1.42 ac lot
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Property summary

AI-generated overview

Two exceptional commercial land pads available for sale in Lee's Summit, Missouri, totaling 2.85 acres. Located at the southwest corner of Highway 291 and Highway 150, these pads offer unparalleled visibility and accessibility. The site benefits from a signalized intersection, ensuring high traffic counts and excellent exposure. Each pad ranges from 1.42 to 1.43 acres and is priced at $14 per square foot. This prime location boasts strong surrounding tenants, including well-established businesses such as Sherwin Williams, Papa Murphy's, and Starbucks, creating a vibrant and desirable retail environment. The area is experiencing significant residential growth, providing a robust customer base for future businesses. Situated in South Lee's Summit, a thriving suburb of Greater Kansas City recognized for its family-friendly atmosphere, this property presents a unique investment opportunity. The area's designation as one of "Business Week's Best Places to Raise Kids" further underscores its appeal and potential for long-term growth. This is an ideal location for owner-users or investors seeking a high-return opportunity in a rapidly developing market. The property is zoned for commercial use. The proximity to a large Price Chopper (80,000 sq ft) further enhances the site's desirability and potential for success.

Property profile

Verified
Property type Land
Lot 1.42 ac (61,855 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

291 Hwy & 150 Hwy Lee's Summit, MO 64082
Lee's Summit metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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