5805-5809 Merriam DrShawnee, KS 66203

Property Details for 5805-5809 Merriam Dr

Year built

1970

Lot size

0.35 AC

Property size (Sq ft)

7,920 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional 7,920 square foot multi-tenant property, located at 5805-5809 Merriam Drive in Shawnee, Kansas, presents a compelling investment opportunity for owner-users and investors alike. Situated on a 0.35-acre lot in the heart of Merriam's City Center, this single-story building boasts a prime location within a thriving entertainment, retail, and restaurant district at 75th and I-35. Currently configured as a mix of convenience store, auto shop, and flex space, the property offers significant upside potential. The building features 18 parking spaces, and a 12-14 foot ceiling height. The property includes four units, with a current occupancy of 50%, and a lease expiration date of March 31, 2025. The current Net Operating Income (NOI) is $33,000, with a pro-forma NOI of $99,000. Built in 1970, the property has undergone various renovations, most notably HVAC system replacements in 2022 and 2024. The property is zoned C-2 Commercial, allowing for a variety of uses. The asking price is $975,000, representing a price per square foot of $123. This presents a rare chance to acquire a well-located, multi-tenant property with strong potential for increased revenue and appreciation in a high-demand area. The property's proximity to the Merriam Farmers Market, restaurants, and shopping further enhances its desirability.

Location Insight

City

Shawnee

County

Johnson

State

Kansas

Latitude

39.0238

Longitude

-94.694

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