8001 Shawnee Mission Pkwy Merriam, KS 66202

This exceptional investment opportunity presents a four-building office complex totaling 19,307 square feet situated on a 1.7-acre lot in Merriam, Kansas. The property, known as Corporate Village Suites, boasts a 93% occupancy rate with 27 units, primarily occupied by short-term tenants, many of whom have "out" clauses facilitating redevelopment. Built in 1976 and renovated in 2015 or later, the complex offers a compelling value-add proposition. The property's zoning is PUG, and it benefits from a prime location east of the $136 million Merriam Grand Station mixed-use development, which includes apartments, retail space, and green spaces. This strategic location provides significant visibility to over 138,000 vehicles daily on Shawnee Mission Parkway and convenient access to Interstate 35. The area is densely populated and affluent, with over 240,000 people within a 5-mile radius and an average household income exceeding $102,125. The property's proximity to the only IKEA in the Kansas City metro area further enhances its appeal. This is a rare chance to acquire a cash-flowing asset with significant redevelopment potential, allowing for a phased approach to maximizing returns. The asking price is $1,500,000, and the lease type is gross with multi-tenancy. The property's APN is 0460641802002001000.