Catylist ID: #30389757
Multifamily Development Opportunity
Vacant Land for Sale
|Catylist Listing ID:||30389757|
|Gross Land Area:||4.92 Acres|
|Unit Price:||$93,495 Per Acre|
|Sale Terms:||Cash to Seller, Owner Financing|
Overview / Comments
On behalf of the owner, we are pleased to present this vacant land multifamily development opportunity, a located to quality multifamily communities White Oak, Falcon Crest, and Hickory Trace Apartments. Qualified investors are presented with an opportunity to achieve economies of scale through developing this project, which would support the scale of a 100+ unit self-sustaining multifamily project. This rental submarket is in high rental demand with continued job growth trajectory, and a new project is expected to be highly successful.
-Located within the High Growth Corridor Near I-65 & I-265
A great deal of manufacturing and other employment is located along the I-65 corridor. Hickory Trace sits just east of I-65 and north of I-265 (Gene Snyder Freeway), which allows for convenient access to employment, shopping, dining and other area amenities.
A new owner could add tremendous value to this site by developing the community to its potential. Expired condo development plan could be adjusted with potential amenities to add further value to the proposed community.
A single family home located at 9000 Blue Lick Road, rented at $675/mo, is also included in this sale.
4.92 Acres (Zoned R-6 & R-7)
Attachments & Media
|Nearest MSA:||Louisville/Jefferson County|
|Zoning:||R-6 - Residential Multi-Family District|
|Largest Nearby Street:||Blue Lick Road|
|Available Utilities:||Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access, Other|
|Proximity:||1 mile||3 miles||5 miles|
Tyler R ChesserThe Chesser Companies KCREA Member
|© Copyright 2001-2020 Catylist. 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.|