DEVELOPMENT OPPORTUNITY ON NEW BYPASS, SHELBYVILLE, KY

Vacant Land for Sale
Catylist Listing ID: 29975277
Property Subtypes: Multi-Family, Retail, Other
Gross Land Area: 69.69 Acres
Sale Price: $65,000 Per Acre
Total Price: $4,529,850
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/26/2017

Overview / Comments

Property is approximately 69.69 acres and seller will divide. It is zoned C-4, Highway Commercial, suitable for retail shopping centers and other like businesses. It is improved with all utilities, including sewers. Property is located just north of the US Hwy 60 and Hwy 55 intersection and less than 2 miles from I-64. Hwy 55 (Freedom's Way) is a major thoroughfare linking Henry and Spencer counties to Shelby County. Property is close to shopping, hospital and local industry. Excellent opportunity for development.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Taxing Authority: Shelby County
Tax ID/APN: 040-00-008B
Zoning: C - Commercial
Property Located Between: US 60 and Midland Industrial Blvd
Property Visibility: Excellent
Largest Nearby Street: US 60 and Freedom's Way
Traffic/Vehicle Count: 19,000
Highway Access: Located at US 60 and Freedom's Way and a short distance from I-64.
Site Description: Property is located just north of the US Hwy 60 and Freedom's Way intersection. It is gently rolling and visibility is excellent.
Area Description: Shelbyville is a rapidly growing community about 25 miles east of Louisville, KY. Property is located on the new bypass and near shopping, hospital, and local industry.
Zoning Description: For zoning description please go to the Shelby County PVA site www.shelbypz.com
Topography: Gently Sloping
Easements: Utilities
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,811 14,616 21,581
Median Age: 29.8 33.23 35.43
Households: 2,005 5,368 7,972

Source

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