4518 89th St Prairie Village, KS 66207-2244

This exceptional investment opportunity presents a fully occupied, two-story office building totaling 5,600 square feet situated on a 0.64-acre lot in the desirable Prairie Village, Kansas, at 4518 W. 89th Street, zip code 66207. The property, built in 1965 and extensively renovated in 2024, boasts a Class B designation and features a mix of creative and traditional office spaces, currently housing six tenants under gross lease agreements. The building enjoys 100% occupancy, generating a strong net operating income (NOI) of $84,118, representing an 8.21% cap rate. The asking price is $1,025,000, translating to $183.04 per square foot. Significant recent upgrades include a brand-new roof. The property benefits from high visibility due to monument signage on 89th Street, easily seen from Roe Boulevard. Its prime location offers convenient access to Meadowbrook Park, Corinth Square Shopping Center, and affluent residential neighborhoods. Ample parking is available with 21 spaces. This presents a rare chance to acquire a stabilized, value-add investment property with potential for future rental rate increases, given the long-term tenancy of several occupants. The property's strong cash flow and strategic location make it an attractive investment prospect.