Louisville Regional Airport Authority Land / Heritage Creek Phase 3

Vacant Land for Sale
Catylist Listing ID: 30871750
Property Subtypes: Residential (Single Family)
Gross Land Area: 52 Acres
Sale Price: $3,100,000
Unit Price: $59,615 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/25/2024

Overview / Comments

The Louisville Regional Airport Authority has retained the Broker services of SVN Menish Commercial Real Estate to sell 52 acres of R-4 zoned land for development in Heritage Creek, Louisville, Kentucky.

This property, located at Justice Way, Louisville, KY 40229, presents a prime opportunity for land and residential investors. Zoned R4, this parcel of land offers potential for various development opportunities. Situated in the sought-after Heritage Creek area, this property benefits from a desirable location. With its strategic positioning and zoning, it offers an ideal canvas for a range of potential projects. This investment opportunity is primed for those seeking to capitalize on the thriving residential market in the area.

This parcel is considered Phase 3 of a relocation plan executed by the LRAA. Phase 1 and 2 and extremely nice single family homes with manicured lawns, and a community that does so much together including Easter egg hunts, picnics, festivals and more.

In addition to Phase 1 & 2, Fischer Homes is developing nearly 45 acres of land, also purchased from the LRAA. Those are brand new homes, with fantastic floor plans, advertised as selling from the $290,000 to $360,000 plus.

Utilities are available along the West side of the property.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 008602130000, 008602080000
Zoning: R-4 - Residential Single Family District
Property Located Between: Justice Way at Reality Trail
Property Visibility: Good
Largest Nearby Street: Justice Way
Airports: Louisville Muhammad Ali International Airport
Site Description: 52 Acres of R4 Land with all utilities avialable.
Area Description: 52 Acres of R-4 Land, ready for single family development. Drive to the end of Justice Way, just past Reality Trail to find the entrance to the property.
Zoning Description: R-4 Residential Single Family District
Topography: Rolling
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,861 43,316 134,557
Median Age: 45.79 38.45 37.66
Households: 725 16,686 52,363
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