PRICE REDUCTION! 2.25 +/- Acres For Ground Lease or Sale

Vacant Land for Lease
Lease Pending
Catylist Listing ID: 30343598
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Other
Status: Pending
Gross Land Area: 2.25 Acres
Lease Rate: $135,000 (Annual)
$1.38 PSF (Annual)
Base Monthly Rent: $11,250
Lease Types: Ground Lease, NNN, Absolute NNN
Last Updated: 7/20/2021

Overview / Comments


Ground lease located at the signalized intersection of Blankenbaker Parkway and Bluegrass Parkway allowing for easy and quick access, this prime commercial ~ 2.25 acre lot with a parking lot that has ~90 parking spaces, boasts excellent visibility and is just 1 block south of I-64 on Bluegrass Parkway. Zoned PEC (Planned Employment Center) the parcel offers excellent opportunities for various commercial uses. Ideal for restaurant, bank or other retail use. The corner of Blankenbaker and Bluegrass Parkways has an average daily vehicle count of ~45,310 and this site is the front door to the Class A Blankenbaker Crossings 550 acre mixed use development.

NOTE: The former Ruby Tuesday building has been removed from the property, all utilities exist to the parcel and this lot is also listed for sale

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 234900050000
Zoning: PEC - Planned Employment Center District
Property Located Between: I-64 and Bluegrass Parkway
Property Visibility: Excellent
Largest Nearby Street: Blankenbaker Parkway
Traffic/Vehicle Count: 45,310
Highway Access: I-64, I-264 and I-265
Airports: Louisville Muhammad Ali International Airport
Site Description: Flat ground on signalized corner of intersection. Has utilities to the site, was a former restaurant on the parcel.
Area Description: Blankenbaker Crossings is the service hub for this area of eastern Jefferson County (Louisville), with hotels, restaurants, gas stations, banks and more all within 5 minutes. It is also on the eastern edge of the Bluegrass Commerce Park, an industrial park with a daytime work population of ~35,000.
Zoning Description: PEC is designated by Louisville Metro and the Land Development Code as Planned Employment Center District.
Part of Planned Development?: Yes
Development Name: Blankenbaker Crossings
Topography: Level
Easements: Utilities, Other
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,078 63,664 168,991
Median Age: 43.76 41.37 40.13
Households: 2,244 26,450 70,494
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