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Investment Highlights
- Prime Metcalf Location Surrounded by $1B+ of New Investment
- Located in the Recently Renovated Promontory Center
- 32,000+ CPD on Metcalf Ave
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
16,148 SF
Building Class
B
Year Built
1979
Price
$2,500,000
Price Per SF
$154.82
Tenancy
Single
Building Height
2 Stories
Building FAR
0.27
Lot Size
1.38 AC
Zoning
CP2
Parking
50 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
139’ on Metcalf Ave
Amenities
- Corner Lot
- Security System
- Storage Space
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NP04900000-0002 | Improvements Assessment | $21,840 |
| Land Assessment | $289,410 | Total Assessment | $311,250 |
Property Taxes
Parcel Number
NP04900000-0002
Land Assessment
$289,410
Improvements Assessment
$21,840
Total Assessment
$311,250
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9029 Metcalf Ave
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