Rare Development Land Assemblage
10332 Parallel Parkway : Kansas City, KS 66109
Wyandotte County, Kansas
Property Description
Cates Auction & Realty Co. in collaboration with Newmark Zimmer is pleased to present for auction a 37.5 ± acre development land assemblage offered in three tracts. This is a rare opportunity to acquire a prime development opportunity in a high growth area connecting Parallel Parkway and Georgia Avenue. The Property benefits greatly from its proximity to the Legends Outlets, Village West development, Children's Mercy Park, and the Kansas City Speedway boasting a total of over 12 million visitors annually along with immediate access to I-435 & I-70. With its substantial size and superior location, this land assemblage is an intriguing development opportunity for investors looking to capitalize on the rapid development of the region.
Tract 1
0.35 Acres
Zoning: R-1
2023 Property Tax: 2
7.85 Acres
Zoning: Ag
2023 Property Tax: 3
29.3 Acres
Zoning: Ag
2023 Property Tax: Highlights:
• Substantial Development Opportunity - The Property consists of a combined 37.5± total acres across three adjoining parcels. The land assemblage connects two major thoroughfares, Georgia Avenue to the north and Parallel Parkway to the south.
• Transit Oriented Location - Located immediately off Parallel Parkway provides immediate access to I-435 and I-70 with a combined 217,000± Vpd.
• Excellent Visibility - The Property benefits from having over 2,400 feet of road frontage along I-435 with the ability to place signage directly visible from the interstate.
• New Development Shaping the Market - Current projects include the development of Amazon's 3 million SF industrial and office park, the Home Field Redevelopment to a multisport complex, the newly announced Mattel Adventure Park, along with the several multifamily and hospitality developments seeks to shift this traditional entertainment and shopping hub to a lifestyle center.
• Strong Market Fundamentals - Kansas City, Kansas's third largest city with a population of 152,745, a median age of 33.8 which is 15% lower than the national average, along with an average salary of a full-time employee being & Entertainment Hub - The greater Legends development along with adjacent retail & entertainment attractions is the most visited location in the state of Kansas with over 12± Million annual visitors.
