565 Acres of Development Land w/ Luxury AirBnB Log Cabin 2 Rentals

Vacant Land for Sale
Catylist Listing ID: 30745038
Property Subtypes: Agricultural, Hospitality, Residential (Single Family), Vacation/Resort
Gross Land Area: 565 Acres
Sale Price: $7,500,000
Unit Price: $13,274 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/21/2021

Overview / Comments

565 Acres of development land known as Stallard Springs w/ access off three county roads (US 60, Benson Pike, and Sacree Lane) in Shelby County Kentucky. Located less than 5 miles from Shelby County High School, this property has submitted a 90-Lot development plan to Triple S Zoning (goes to Final Approval for 1st phase (25 lots) at the July 20th, 2021 meeting, goes to Preliminary approval for remaining (65 lots) at the July 20th meeting.

Includes:
2 Rental/Residential Homes valued at $235,000 per home (estimated $1,500 per month)
2 Low-residential (U) vacant lots (1.77 acres, 1.90 acres)
84 Lots ranging from 5.00 to 9.99 acres
2 Lots ranging from 10.00 to 15.21 acres
1 2,400+ square foot Luxury Log Cabin w/ finished walkout basement (https://abnb.me/rPIIx2sPFhb)
3-Car Detached Garage w/ Loft
2 Silo's
1 Hoop Barn

Income Opportunities:
Log Cabin Retreat: $1,000 nightly rate
Crop Lease: $75,000-$100,000 Annual
Hunting Lease: $25,000 Annual

Engineer:
THOROUGHBRED ENGINEERING
JONATHAN HALE, PE, PMP
Principal / President / CEO
m: 859.539.2594
e: jhale@tbredfirm.com

See attached development plan for reference.

Owner is a licensed real estate broker in KY.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Tax ID/APN: 080-00-002L
Zoning: A - Agricultural
Property Located Between: Shelbyville and Frankfort
Property Visibility: Excellent
Largest Nearby Street: US 60
Airports: Blue Grass Airport | Lexington, KY / Louisville Muhammad Ali International Airport
Development Name: Stallard Springs
Topography: Rolling
Easements Description: See engineer for utility info.
Available Utilities: Electric, Water
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,336 8,171
Median Age: 46.63 41.79
Households: 539 3,048

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