APARTMENT Development Land - With Preliminary Approval!
Vacant Land
for Sale
| Catylist Listing ID: |
30787356 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
15 Acres
|
| Sale Price: |
$3,800,000 |
| Unit Price: |
$253,333 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/28/2023 |
Overview / Comments
|
This 15 acre site has been rezoned and approved for apartment development. Now zoned R-6 with an approved preliminary development plan for 252 apartment units. The development plan can be provided upon request. Located centrally in Louisville, within a submarket that is experiencing very good growth trends. The location has proximity to Louisville's primary employment centers, including UPS, the Ford Assembly Plant on Fern Valley Road, Louisville International Airport and the GE Appliance Park, all located within 5-miles from the subject. Further, the location is just 10 miles south of downtown Louisville and southern Indiana and 6 miles north of Bullitt County, with easy interstate access via I-265, located 1.5 miles south of the subject. Property lines reflected in the photos are approximate and provided for illustration purposes only. Please call the listing agent for approval to tour the property.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
064401500000 |
| Zoning: |
R-6 - Residential Multi-Family District |
| Zoning Description: |
Approved for apartment development, zoning change approved to high density multi-family. |
| Part of Planned Development?: |
Yes |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,643 |
94,629 |
213,613 |
| Median Age: |
40.39 |
36.25 |
37.53 |
| Households: |
5,051 |
37,320 |
86,570 |
|
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