Hwy 62 frontage beside River Ridge

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: 3/2/2019

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. Rooftops and retail consistently being added in the area.
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
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 connecting Jeffersonville, In and Louisville, Ky. 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. A new Super Kroger just opened up down the street and many more planned developments. 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. Continuous additions to River Ridge is adding to traffic count.
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

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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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