9029 Metcalf Ave - Freestanding FOR SALE


Overland Park, KS 66212
$2,500,000 USD
913-888-3456
9029 Metcalf Ave, Overland Park, KS for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/24
null | Request Cap Rate

9029 Metcalf Ave
Overland Park, KS 66212


HIGHLIGHTS

  • Prime Metcalf Location Surrounded by $1B+ of New Investment
  • 32,000+ CPD on Metcalf Ave
  • Located in the Recently Renovated Promontory Center

OVERVIEW

Positioned at the corner entrance of Promontory Shopping Center on one of Overland Park's highest-traffic commercial corridors, 9029 Metcalf Avenue represents a rare opportunity to acquire a freestanding, two-story retail/office building with immediate income in place. The property commands 139 feet of Metcalf Avenue frontage at 90th Street — a signalized, high-visibility intersection surrounded by a dense mix of established regional tenants and new residential density. I-435 is 2.3 miles away and US-69 Highway is 2.9 miles, providing strong regional access across the Johnson County market. The 16,148 SF building sits on a 1.38-acre lot and was constructed in 1979 using solid masonry construction. The two-floor layout includes a prominent main entrance lobby, multi-room retail salon space, executive office with bathroom, and secure storage vaults on both the upper and lower levels — a distinctive and operationally valuable feature seldom found in comparable properties. The building is served by 40+ parking spaces split between a front lot fronting Promontory and a rear lot accessible from the back of the building. A 100+ year Kansas City institution will lease back a portion of the upstairs retail space and basement at close of sale, providing the incoming owner with immediate occupancy and income from a long-standing local operator. The remainder of the building presents significant opportunity for owner-user occupation, additional leasing, or repositioning within one of Overland Park's most active retail nodes. Neighboring tenants include Bo Lings, SERV, J. Gilbert's, and the newly completed Promontory Apartments — a 291-unit residential development delivering consistent consumer traffic to the immediate trade area.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bank, Fast Food, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

CP2

APN/PARCEL ID

NP04900000-0002

ASK ABOUT THIS PROPERTY

David SmartHaith & Company, Inc.More Info
913-888-3456

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David SmartHaith & Company, Inc.More Info
913-888-3456

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.