Shadow Anchored 1.54 Acre Retail Site

Vacant Land for Sale
Catylist Listing ID: 30151117
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Gross Land Area: 1.54 Acres
Sale Price: $408,000
Unit Price: $264,935 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 8/7/2017

Overview / Comments

1.54 acres zoned C4 adjacent to a Walmart Super Center and Lowes Home Improvement Center. Close to the intersection of Taylorsville Road (Hwy 55) and Shelbyville Road (US 60) in the rapidly growing Shelbyville Ky market along I-64.

Ideal for a freestanding retail or office user. Can be combined with an adjacent 2.35 acres (listing #30150322) to build a strip center or office complex. Other adjacent users include Wendy's, El Nepol Restaurant, Fifth Third Bank, Auto Zone, Fire Fresh BBQ and Verizon Wireless.

The site appraised in July 2017 for $408,000. You can add two adjacent parcels also zoned C4 consisting of 2.34 acres (listing #30150322) and 9.13 acres (listing #30151129).

The owners are creative and flexible. Seeking offers to sell, joint venture, exchange or possibly build to suit.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Taxing Authority: Shelby County
Tax ID/APN: 031-00-060L
Zoning: C - Commercial
Property Located Between: Highway 55 and US 60
Property Visibility: Fair
Largest Nearby Street: Highway 55
Feet of Frontage: 271
Highway Access: I-64
Airports: SDF
Area Description: Shelbyville and nearby Simpsonville are experiencing tremendous growth in both population and commercial development. Just off of Interstate 64 the primary east west highway in Kentucky linking Louisville to Frankfort and Lexington.
Lot Frontage: 271
Zoning Description: C4 which allows most commercial uses including car lots, c-stores, fast food, hotels, gas stations.
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 812 12,340 25,873
Median Age: 40.74 33.62 35.59
Households: 322 4,558 9,516

Contact

Photograph of Listing Agent

Daniel R Kessler

DRK KCREA Member
Photograph of Listing Agent

Bruce A Meyer

DRK KCREA Member
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