Prime Location near East End Bridge on HWY 62 - can subdivide

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30044579
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 4.88 Acres
Sale Price: $1,300,000
Unit Price: $266,393 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 6/14/2018

Overview / Comments

First time on market, Prime commercial off of I-265 on HWY 62 right off of I-265 in Jeffersonville and the new east end bridge that connects Kentucky and Indiana. The traffic count is 39,000+ per day and growing. Property sits beside a new McDonalds and two new strip centers that contain restaurants, discount store, salon, fitness center, wealth advisor ,gas station and other restaurants all within 3/4 mi. Of property.
Multiple developments currently being built all within a mile of property Most existing construction is 3y.o or less. The property is one of the last areas for a business before you reach the booming River Ridge Commerce Center which offers 6,000 acres of industrial development potential. Less than 11% of the site is developed and will continually increase traffic count.
Subject property would be suitable for a restaurant, retail, hotel, professional office building, storage facility, mixed use or multifamily. Aerial does not show new construction.
Subdivision is an option and can build to suit.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Taxing Authority: City of Jeffersonville
Tax ID/APN: 10-42-03-700-031-000-039
Zoning: CURRENTLY FARM , C-1
Property Located Between: I-265 and Hwy 62
Property Visibility: Excellent
Largest Nearby Street: I-265
Feet of Frontage: 325
Traffic/Vehicle Count: 39,000
Highway Access: I-265 to Jeffersonville/Charlestown exit. Turn north and it is 3 blocks on the right, right beside the new McDonalds.
Airports: Clark Regional Airport, Louisville Intl. Airport
Site Description: Excellent visibility with three older buildings on site of no value. Site is level and contains 4.88 acres. Can subdivide.
Area Description: The property is located on fast growing HWY 62 right off of I-265 and the east end bridge. Most of the surrounding businesses have been constructed in the last two years with multiple, multi million dollar developments currently being built with 1 mile of subject property. Subject property is right off of I-265 and is one of the last properties before you reach the booming River Ridge Commerce Center. River Ridge is 6,000 acre development site that is only 11% developed w/ high expectations for the coming years backed by attractive state and local initiatives and a growing residential population.
Lot Frontage: 325+ ft
Zoning Description: C-1
Topography: Level
Easements: Electric Lines, Utilities
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal, Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,924 23,766 87,820
Median Age: 36.22 36.74 39.57
Households: 1,784 9,699 35,498

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