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11530 Parallel Pkwy - 115th & Parallel PKWY 41 Acres of Commercial Land Offered at $17,859,600 in Kansas City, KS 66109

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Investment Highlights

  • 41 Ac for Development
  • All utilities to site
  • located along exploding Parallel Parkway including nearby Speedway, Legends Outlets and New American Royal, and private -public development progects
  • Great access to I70, I-435 and K7 HWY
  • Adjacent to The new American Royal and Private/Public Development Projects

Executive Summary

The size and configuration of the property allow for phased development and flexible capital structures, making the site well-suited for institutional partners, operators, and long-term investors. Ownership is long-term oriented and would prefer to stay involved through a ground lease or partnership, especially with hospitality or mixed-use users—but are open to the right structure.

Property Facts

Price $17,859,600
Sale Type Investment or Owner User
Sale Conditions
Ground Lease (Leasehold)
  • Bulk/Portfolio Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Hotel
Total Lot Size 41.00 AC
No. Stories 1

1 Lot Available

Lot

Price $17,859,600
Price Per AC $435,600.00
Lot Size 41.00 AC

All utilities to the site - level ground. Great access to and from I-435, I-70 and K7 HWY. Frontage on Parallel Parkway and 115th Street

Description

Strategically positioned land within the emerging Parallel Parkway / Legends growth corridor, adjacent to the American Royal complex and minutes from the Kansas Speedway, Legends Outlets, and major regional infrastructure. This 41± acre tract offers exceptional long-term optionality for mixed-use, hospitality, entertainment, or institutional development. The site benefits from: Proximity to the newly developed American Royal campus, representing significant public and private investment Direct frontage and visibility along Parallel Parkway, one of the primary east-west arterials serving western Wyandotte County Immediate access to regional destinations including the Kansas Speedway, Legends Outlets, Hollywood Casino, and I-70 Scale sufficient for phased development or a single, cohesive master-planned project The property is well-suited for users seeking adjacency to major regional destinations while remaining outside high-intensity core parcels, allowing flexibility in design, access, and long-term use. Offered as a rare, large-scale development opportunity in one of Kansas City’s most active growth corridors. Ownership will consider a range of transaction structures, including sale, joint venture, or long-term ground lease, with a preference for structures that preserve long-term ownership and participation in future upside

  • Listing ID: 13616790

  • Date on Market: 8/28/2018

  • Last Updated:

  • Address: 11530 Parallel Pkwy, Kansas City, KS 66109

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