C4 Highway Commercial Site Shadow Anchored by Walmart and Lowes

Vacant Land for Sale
Catylist Listing ID: 29598121
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 13.90 Acres
Sale Price: $2,100,000
Unit Price: $151,079 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 6/16/2017

Overview / Comments

Highway Commercial C4 site located adjacent to Walmart and Lowes in Shelbyville KY one exit down from new Bluegrass Outlet Mall. Excellent retail or office location on busy Taylorsville Road.

Priced right at only $150,000 per acre. Site may also qualify for R4 uses of up to 20 units per acre subject to site plan approval from the city. Very flexible site in fast growing Shelby County.

The owners are sophisticated investors and will consider exchanges,up or down in value. Bring ideas including out of state opportunities.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Tax ID/APN: 031-00-060D
Zoning: C - Commercial
Market Type: Medium
Property Located Between: Taylorsville Road (Highway 55) and Hill-N-Dale Road.
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Taylorsville Road
Transportation: Highway
Highway Access: Just off of I-64 at exit 32
Airports: Louisville International Airport
Area Description: Rapidly growing corridor along I-64 between Louisville and Lexington. Excellent location for apartments due to proximity to retail and and highway. New outlet mall opened August of 2014 and new hospital just announced for nearby parcel.
Zoning Description: C-4 High intensity commercial zoning but could also be used for R4 multifamily at 20 units per acre.
Development Name: Shelbyville Mixed Use
Topography: Gently Sloping
Easements: Utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband

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

Source

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