Commercial Development Opportunity in Shelbyville

Vacant Land for Sale
Catylist Listing ID: 30716251
Property Subtypes: Industrial, Multi-Family, Office, Residential (Single Family), Retail, Self Storage
Gross Land Area: 1.54 - 13.02 Acres
Sale Price: $1,700,000
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 3/18/2024

Overview / Comments

Exciting Shelbyville land development opportunity available. 3 separate parcels zoned C4. The property is shadow anchored behind a busy Wal-Mart & Lowe's with an access easement already approved. Signage easement already approved as well with frontage location on the busy Taylorsville Road (Hwy 55). Competitively priced around 2017 appraised amount which took place prior to significant development in the area.

Seller's can add cash, signature, land, single family housing, vacant or leased commercial buildings or potential partnership.

Three unique parcel ID's

Parcel ID: 031-00-060M
Parcel ID: 031-00-060L
Parcel ID: 031-00-060D

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Zoning: C - Commercial
Largest Nearby Street: Freedom's Way
Traffic/Vehicle Count: 21,000
Highway Access: Primary access to the neighborhood is from Interstate 64 and U.S. Highway 60 (Shelbyville Road/Midland Trail). Secondary access is from Kentucky Highways 55 and 53, Boone Station Road, Harrington Mill Road, Zaring Mill Road, Benson Pike, Kentucky Highway 1005 (Vigo Road) and Kentucky Highway 43 (Cropper Road). There are numerous roadways that provide additional access to the neighborhood
Airports: SDF
Zoning Description: C-4 Highway Commercial - Land may currently be used for retail, office or multifamily up to 20 units per acre. Intended for conduct of community-wide personal and business services, specialty shops, and general highway commercial development. Allowable uses are retail, banks, hotels, offices, restaurants, health centers, C-store, auto sales, farm sales.
Easements: Ingress/Egress, Other

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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
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