18 Acres Development Opportunity Utica, IN

Vacant Land for Sale
Catylist Listing ID: 30060919
Property Subtypes: Multi-Family, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 18 Acres
Sale Price: $1,250,000
Unit Price: $69,444 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/28/2017

Overview / Comments

Multi-family, commercial & single family development opportunity on Ohio river in Utica - just minutes from East End bridge. This 18+ acre property is conveniently located in the shadow of the new Lewis and Clark Bridge, directly across the river from Prospect, KY. This property is listed as 18 acres but can be purchased in different combination of acerage. There are three parcels that is on the market, 1+ acres of RIVERFRONT that provides the best views of the bridge on the river; 4+ acres of RIVERVIEW that would be ideal for a commercial or multi-family development; 13+ acres of BRIDGEVIEW & RIVERVIEW homesites ideal for development of single, a few or multiple single family homesites. The location of the property is ideal, minutes from River Ridge, Lewis and Clark Bridge, Hwy 62, Prospect, KY, Jeffersonville, In. Lots of OPPORTUNITY with this property.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Taxing Authority: Clark County
Tax ID/APN: 41-00032-071-0
Zoning: RESIDENTIAL
Property Located Between: Utica and the Lewis and Clark Bridge
Property Visibility: Excellent
Legal Description: 18 acres in platted development, Clark County, IN
Largest Nearby Street: Upper River Road
Highway Access: 5 minutes from the Salem Road exit in Utica once it opens. 10 minutes from Hwy 62. 5 minutes from Clark Maritime and Port Road.
Airports: No
Site Description: Riverfront, riverview, bridge view, creek view, rolling, large stone cliffs, lime kilns. Very unique "tiered" layout of the topo, from river front all the way to the highest point in Utica.
Area Description: GROWTH GROWTH GROWTH. From single family development, big box retail, commercial, multifamily, all within a couple of miles of this subject project. Location is stellar.
Zoning Description: Single family zoned, platted for a development. Can be offered in multiple parcel sizes.
Part of Planned Development?: Yes
In Flood Plain?: Yes
Topography: Other
Easements: Ingress/Egress
Easements Description: An easement on the north side of the property is in place for additional access to the highest point of the property.
Available Utilities: Electric, Water, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,398 26,723 92,958
Median Age: 47.08 42.04 41.36
Households: 901 10,118 37,292

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.