Prime Location near East End Bridge on HWY 62 - will subdivide

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30044579
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 4.88 Acres
Sale Price: $1,300,000
Unit Price: $266,393 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/14/2017

Overview / Comments

First time on market, Prime commercial at end of East End Bridge on HWY 62 right off of I-265 in Jeffersonville and the new east end bridge that connect Kentucky and Indiana. The traffic count is 38,000+ per day and growing. Property sits beside a new McDonalds and two strip centers that contains restaurants, discount store, salon , fitness center, wealth advisor, car wash and gas station.
Multiple, multi million dollar developments currently being built all within a mile of property. The property is one of the last areas for a business before you reach the booming River Ridge Commerce Center which offers 6,000 acres of industrial development potential. Less than 15% of the site is developed and will continually increase traffic count.
Subdivision is an option and can build to suit.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Taxing Authority: City of Jeffersonville
Tax ID/APN: 10-42-03-700-031-000-039
Zoning: CURRENTLY FARM , C-2
Property Located Between: I-265 and Hwy 62
Property Visibility: Excellent
Largest Nearby Street: I-265
Feet of Frontage: 325
Traffic/Vehicle Count: 38,000
Highway Access: I-265 to Jeffersonville/Charlestown exit. Turn north and it is 3 blocks on the right, right beside the new McDonalds.
Airports: Clark Regional Airport, Louisville Intl. Airport
Site Description: Excellent visibility with three older buildings on site in poor condition. Site is level and contains 4.88 acres.Will subdivide.
Area Description: The property is located on fast growing HWY 62 right off of I-265 and the east end bridge. Most of the surrounding businesses have been constructed in the last two years with multiple, multi million dollar developments currently being built with 1 mile of subject property. Subject property is right off of I-265 and is one of the last properties before you reach the booming River Ridge Commerce Center.
Lot Frontage: 325+ ft
Zoning Description: C-2
Topography: Level
Easements: Electric Lines, Utilities
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal, Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,924 23,766 87,820
Median Age: 36.22 36.74 39.57
Households: 1,784 9,699 35,498

Contact

© Copyright Kentucky Commercial Real Estate Alliance. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.