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15085 W 119th St 10,135 SF Retail Building Olathe, KS 66062 $2,900,000 ($286.14/SF)
Investment Highlights
- Prime outparcel location in Olathe Pointe lifestyle center.
- Strong regional demographics and affluent customer base.
- Surrounded by major retailers and planned entertainment projects.
- High-traffic intersection with over 42,000 vehicles per day.
- Offered significantly below replacement cost for immediate value.
Executive Summary
This offering features a vacant, former Granite City restaurant property strategically positioned as an outparcel to Olathe Pointe Shopping Center, anchored by Whole Foods, HomeGoods, and Marshalls. Built in 2005, the ±10,135 SF building sits on ±1.78 acres with 80 parking spaces, providing excellent visibility and access along W 119th Street and Black Bob Road, which see combined traffic counts exceeding 42,000 VPD. Located in Olathe, the fourth-largest city in the Kansas City metro, the property benefits from strong demographics and proximity to major employers like Garmin and Honeywell.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,135 SF
Building Class
B
Year Built
2005
Price
$2,900,000
Price Per SF
$286.14
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.13
Lot Size
1.78 AC
Zoning
CP2 - Community Commercial
Parking
80 Spaces (7.89 Spaces per 1,000 SF Leased)
Frontage
233’ on 119th St
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | DP54190000-0005 | Improvements Assessment | $154,288 |
| Land Assessment | $449,713 | Total Assessment | $604,001 |
Property Taxes
Parcel Number
DP54190000-0005
Land Assessment
$449,713
Improvements Assessment
$154,288
Total Assessment
$604,001
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15085 W 119th St
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