Listed by Crossroads Real Estate Group
$1,300,000
Shovel-Ready Development Site
Details
Property Type Multifamily, Land
Sub Type Commercial, Apartment Building
Units 132
Cap Rate 10.00%
Class A
Acreage 9.740
Zoning RP-5, Planned Residential district
Multi-Family land for sale - Zoned R-4, RP-5
Marketing description
This 9.74-acre site is irregular in shape and zoned RP-5 for Planned Residential. The current approved plan calls for senior housing units as shown in renderings. Previously, the property has been approved for as many as 250 senior housing units. The site plan includes access to both 51st Street and Foxridge Drive
This is a premier, infill site in the heart of Johnson County Kansas; located
on the south side of 51st Street between Foxridge Drive and Riggs Street
with easy access to Interstates 35 and 635 via Metcalf Avenue to the
west or Lamar Avenue to the east
Future residents will enjoy easy access to the Bella Roe shopping
center just minutes to the east, which features Wal-Mart, Lowe’s,
Price Chopper, Aldi, Walgreens Pharmacy and other retail and dining
attractions. Another retail trade area directly south of the Cascades at
Mission development site features Target, Hy-Vee, Hobby Lobby and a
number of quick service or fast food dining options.
Investment highlights
- 9.74 Acre site in the heart of Johnson County
- Zoned RP-5, Planned Residential district
- Approved for 132 active-adult housing units
- Potential multifamily zoning
- Exceptional access to I-35, I-635, Metcalf Avenue and Roe Avenue
- Surrounded by well-established residential neighborhoods
- Close to national retailers and restaurants
- Solid demographics (see table)
- Highly acclaimed Shawnee Mission School District
- Call for pricing
Listing Contacts
Listed by Crossroads Real Estate Group
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