159th St & Mur-Len Rd Olathe, KS 66062
- Land
- 11.70 lot acres
Current Use by Public Records
- Land
Property Details for 159th St & Mur-Len Rd
- Lot size
- 11.70 lot acres
- Property type
- Land
Description
This exceptional 11.7-acre parcel, located at the intersection of 159th Street and Mur-Len Road in Olathe, Kansas (zip code 66062), presents a unique investment opportunity. The property is zoned RUD and RLD, allowing for a variety of development options. The land is divisible, with the potential to create three approximately 3-acre pad sites, particularly suitable for development fronting Mur-Len Road. This makes it an excellent location for multifamily, senior living, or retail projects. Its strategic location is adjacent to a Price Chopper-anchored shopping center, ensuring high visibility and convenient access. The site boasts impressive traffic counts, with 9,622 vehicles per day traversing the intersection. The surrounding demographics are highly favorable, with an average household income exceeding $108,689 within a 5-mile radius and a population of 135,790 in the same area. The asking price is $1,900,000, translating to approximately $3.73 per square foot. Annual property taxes are $4,840.82. This property offers significant potential for developers seeking a prime location in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olathe
- County
- Johnson
- State
- Kansas
- Longitude
- -94.7796
- Latitude
- 38.8402
