Multi Family Land For Sale 312 Units

Vacant Land for Sale
Catylist Listing ID: 30049728
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 27.54 Acres
Sale Price: $4,300,000
Unit Price: $156,136 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/21/2017

Overview / Comments

Ideal site for apartment complex Plan approved for 312 units
Adjacent to Locust Creek Subdivision
Zoned R-6, Residential Multi-Family District
Located approx. 5 miles from Kroger and approx 5 miles to I-265.
The Parklands Beckley Park entrance approx. 2.5 miles
Sewers available
Shelbyville Road frontage 1093 ft apprx
Photo shows the apartment plan with Locust Creek subdivision to the left

See attachments for property details and more information

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 362400030000
Zoning: R-2 - Residential Single Family District
Property Located Between: Locust Creek Blvd and Notting Hill Blvd
Property Visibility: Excellent
Largest Nearby Street: Shelbyville Road
Feet of Frontage: 1,093
Highway Access: I-64
Airports: Louisville International Airport
Site Description: Zoned R-6, Residential Multi-family District; Sweeney Family Farm
Area Description: Adjacent to Locust Creek Subdivision
Lot Frontage: 1093
Lot Depth: 1290
Zoning Description: R-6, already planned approved for 312 unit apartment complex
Topography: Gently Sloping

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,061 10,925 35,721
Median Age: 40.86 40.91 39.54
Households: 1,070 3,693 12,802

Source

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