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: 4/25/2024

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

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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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