Old Highway 56
Olathe, KS 66061
No Reserve Industrial/Commercial Land Auction · Land For Sale · 42.50 AC

Property Inspections: Thursdays, November 5th & 12th; 11:00-2:00.? NO RESERVE SELLS REGARDLESS OF PRICE Bid November 5th - November 19th Opening Bid: $200,000 / Last List: $1,850,000 Cates Auction & Realty Co. is pleased to present for auction with no reserve a large, 42.5 Acre development site consisting of 25-acres, zoned M-2, and 17.5-acres zoned C-2. Located on the South West corner of Old Hwy 56 and W 151st St. in Olathe Kansas, a burgeoning logistics hub part of greater Kansas City’s industrial development boom. The property benefits from quick access to the BNSF Intermodal Center, the New Century Air Center, and the I-35. With its substantial size, and prime location this property is an intriguing development opportunity for both industrial and commercial developers alike! Investment Highlights • Substantial Development Opportunity – The Property consists of 42.5 total acres. The lot is split into two zonings. 25± acres are zoned M-2 and 17.5± acres are zoned C-2. • Versatile Zoning– With nearly 60% of the site zoned M-2 and 40% of the site zoned C-2 the Property is an interesting development opportunity for both industrial and commercial developers. • Exceptional Logistics Location - Adjacent to the New Century Air Center, less than 5 miles from Interstate 35, and just over 8 miles to the 1,200 acres BNSF intermodal center. • Expanding Logistics Hub - 19 Million SF of industrial properties with over 2.35 Million SF in the development pipeline located within a 5-mile radius of the Property. • Tightening Vacancy Driving the Market – Industrial property vacancies continue to decline to around 5% in Q2 of 2020 providing further evidence of a supply shortage of Class A logistics facilities. • Strong Market Fundamentals – Olathe, Kansas’s fourth largest city with a population of 139,888, a median household income of $85,411, with nearly 50% of the population 25 and over possessing a bachelor’s degree or higher. Fast Facts • 9,625 VPD per 2017 traffic study • 2,680 +/- ft frontage on 151st St. • 632 +/- ft frontage on S Clare Rd (Old Hwy 56) • Parcel # 0461430801001001000 • 2019 Taxes $493