Mixed Use, Restaurant, Street Retail, Vehicle Related
Building Size (RSF):
4,980 SF
Gross Building Area:
See Agent
Gross Land Area:
2.95 Acres
Sale Price:
$875,000
Unit Price:
$175.70 PSF
Property Use Type:
Vacant/Owner-User
Sale Terms:
Cash to Seller
Cap Rate:
Undisclosed
Last Updated:
4/15/2024
Overview / Comments
2 HOMES, 1 MOBILE HOME and three outbuildings zoned NC-Neighborhood Commercial- Oh my!. This kind of opportunity doesn't' happen often in Floyds Knobs. Existing zoning allows for several permitted uses such as retail, residential, recreational, auto centers, bakeries and so much more. All of this and it is sets on approximately 3 acres. You can access the Floyd County website (link provided) for all of the "Permitted Uses" and others that are also allowed with exception. You might be surprised by what all is allowed. With some creative thinking and planning, you could check with the County, propose a preliminary plan and let the County might suggest some adjustments. The existing homes are in very good shape. Put on that thinking cap and bring me and offer!
Immediate to I-265 which quickly carries you to I-64 and I-65 for rapid access to all of the bridges to KY
Airports:
Louisville International, Clark County Regional Airports
Site Description:
Setting on about 3 acres you have 2 homes, a mobile home and 3 out buildings. It has abit of an elevation difference, but so have others nearby. It might challenge you to think outside the box as they say but there is an opportunity here that once you look at what is allowed, it might bring a grand idea to the front of your frontal lobe. The County might appreciate a unique idea on this site. A mixture of residential (AirBnb or short term stays) along with a business on the street level.
Area Description:
Setting in the proximity Floyds Knobs more expensive homes. Straight up the hill off of State Street and boom- you're there! Floyds Knobs is often in the top 5 for higher incomes and median home prices.
Tenancy:
Multiple Tenants
Total Number of Buildings:
6
Number of Stories:
1
Property Condition:
Good
Construction/Siding:
Aluminum Siding, Block, Brick, Metal Siding
Exterior Description:
Varies as there are 3 living units on site.
Zoning Description:
NC- Neighborhood Commercial District Intent: The Neighborhood Commercial (NC) district is intended to provide a land use category for small scale commercial uses that provide products and services to local neighborhoods. The provisions that regulate this land use should promote appropriate commercial uses that are clearly non-conflicting with the residential areas of Floyd County. Floyd County’s Plan Commission and Board of Zoning Appeals should strive to use this district selectively, in areas where small scale commercial centers are appropriate to service neighborhood commercial needs. The Plan Commission and Board of Zoning Appeals should also strive to exclude businesses from Neighborhood
Commercial (NC) district that have an adverse effect on existing or future adjacent neighborhoods. Retail Small Scale uses are defined as having 5,000 square feet of floor space or less.
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