Preston Highway Retail Land Adjacent to Kroger MAJOR PRICE REDUCTION
Vacant Land
for Sale
| Catylist Listing ID: |
30704514 |
| Property Subtypes: |
Retail, Retail-Pad
|
| Gross Land Area: |
4.75 Acres
|
| Sale Price: |
$300,000 Per Acre |
| Total Price: |
$1,425,000 |
| Land Splits Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/20/2023 |
Overview / Comments
Commercial parcel located in the very strong and growing Hillview trade area next to Kroger and near Walmart, Kohl's, Lowe's, Rave Theater and Menards. The site is adjacent to a recently remodeled Kroger located on Mud Lane with visibility to Preston Highway and is in walking distance to Apex Apartments, a new 300 unit Class A apartment complex and Clover Senior Living Apartments. Adjacent property was recently sold to Carwash USA.
The site is near the main entrance to Commerce Crossings Business Park with daytime employment of 5,500+.
This part of Preston Highway has an ADT of 34,000.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Taxing Authority: |
Jefferson County |
| Tax ID/APN: |
275900110000 |
| Zoning: |
C-1 - Commercial District |
| Property Located Between: |
I-265 and Mud Lane |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Preston Highway |
| Traffic/Vehicle Count: |
34,000 |
| Highway Access: |
The property is located off Preston Highway with access via Mud Lane and Antonia Way and it is one mile south of I-265. |
| Site Description: |
The site is level and located between Kroger and Southgate Shops and in walking distance to Commerce Crossings Business Park. |
| Zoning Description: |
C-1 |
| Development Name: |
Southgate |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,143 |
58,272 |
130,514 |
| Median Age: |
35.24 |
36.69 |
37.62 |
| Households: |
3,468 |
22,200 |
50,771 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
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.
|
