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

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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


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