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

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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


Photograph of Listing Agent

Amanda Helfrich

Homepage Realty KCREA Member
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