HWY 62 Signalized Development Opportunity w/ Income
Vacant Land
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30842269 |
| Property Subtypes: |
Office, Retail, Retail-Pad, Self Storage, Other
|
| Gross Land Area: |
1.17 Acres
|
| Sale Price: |
$795,000 |
| Unit Price: |
$679,487 Per Acre |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller, Owner Financing, Build-to-Suit |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/12/2023 |
Overview / Comments
C-2 zoning at signalized location strategically situated between I-265 and the ever expanding River Ridge Commerce Center, which is a 6000 acre manufacturing and business park that includes health sciences, office, manufacturing/distribution, logistics and automotive companies. This is one of the most active development corridors in the region.
Many new developments within 3/4 of a mile of subject property including multiple strips centers, restaurants, gas stations and hotels. Currently has a short term lease that could be a longer term lease.
Additional acreage available. Can build to suit. For sale or lease.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Clark |
| Taxing Authority: |
City Of Jeffersonville |
| Tax ID/APN: |
10-42-03-700-006.000-039 |
| Zoning: |
C-2 |
| Property Located Between: |
I-265 and River Ridge Circle |
| Property Visibility: |
Excellent |
| Legal Description: |
GT 37 1.1728 Ac by sur |
| Largest Nearby Street: |
Highway 62 |
| Highway Access: |
Highway 62, I-265, I-65, I-64, I-75 |
| Airports: |
Louisville International, Clark Regional |
| Site Description: |
The site level and has excellent visibility and is located directly across the street from the first ingress/egress to River Ridge. Subject property is located approx. 1/2 mile from I-265 and approx. 4 miles from the new Ohio River East End Bridge connnecting Louisville and Jeffersonville. The buildings on property are of little to no value. |
| Area Description: |
Property is surrounded by River Ridge Commerce Center, multiple retail strips, restaurants, gas stations and rooftops. A recently built Super Kroger anchored strip is located one mile down the road with two other strip centers going up across the street. The recently announced Marriott and Hilton flag hotels are being built less than 1/2 mile from subject location |
| Lot Frontage: |
400’ |
| Lot Depth: |
259’ |
| Zoning Description: |
C-2 - Medium to large commercial, retail, service, entertainment and restaurant |
| Topography: |
Level |
| Easements: |
Ingress/Egress, Utilities |
| Available Utilities: |
Electric, Water, Gas, Sewer, Cable, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal, Septic |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,924 |
22,452 |
86,073 |
| Median Age: |
36.22 |
37.12 |
39.35 |
| Households: |
1,784 |
9,149 |
34,849 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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