Rare Investment Opportunity
Vacant Land
for Sale
| Catylist Listing ID: |
30848515 |
| Property Subtypes: |
Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort
|
| Gross Land Area: |
70 Acres
|
| Sale Price: |
$2,450,000 |
| Unit Price: |
$35,000 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/13/2024 |
Overview / Comments
Impressive +/- 70 acre farm located in Russell Springs, KY. Ideally subdivided with road frontage on three sides: US 127, French Valley Road, and West Drive. Utilities on site: Electric, 6" sewer line, 6" and 10" water lines. Natural gas across the street. This property is adjacent to the Lake Cumberland Industrial Complex. Approximately 28 acres cleared, with the remainder in level woodland and plentiful spring fed creek.
This property is 2 miles south of Louie B. Nunn Cumberland Parkway
The parkway begins at an interchange with Interstate 65 (exit 43) between Smiths Grove and Park City. It travels east through rolling farmland to Russell Springs.
|
Additional Details
| Nearest MSA: |
Somerset |
| County: |
Russell |
| Submarket Type: |
Central Business District |
| Tax ID/APN: |
033-00-00-052.00 |
| Zoning: |
AGRICULTURE |
| Property Located Between: |
US Hwy 127/Louie B. Nunn Cumberland Parkway |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US Hwy 127 |
| Site Description: |
Approximately 28 acres cleared, with the remainder in level woodland and plentiful spring fed creek. |
| Lot Frontage: |
Approximately 565ft on French Valley Rd.120ft on US 127, 456ft on West Dr |
| Zoning Description: |
Agriculture |
| Topography: |
Level |
| Easements: |
Ingress/Egress, Utilities |
| Available Utilities: |
Electric, Water, Sewer, Cable, Broadband, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
7,057 |
13,981 |
| Median Age: |
40.66 |
40.93 |
| Households: |
2,964 |
5,859 |
|
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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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