9.13 Acres Zoned C4 Next to Walmart

Vacant Land for Sale
Catylist Listing ID: 30151129
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 9.13 Acres
Sale Price: $730,000
Unit Price: $79,956 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 6/24/2019

Overview / Comments

9.13 Acres currently zoned C 4 behind a Walmart Super Center and Lowes Home Improvement Center.

Site can be down zoned to R-4 for multifamily at up to 20 units per acre or possible patio home development or leave all or part as C 4 for enclosed and open self storage. There are lots of possibilities.

Direct access from Dale Road is available.

The site appraised in July 2017 for $730,000. Can add adjacent parcels of 1.54 acres (listing #30151117) and 2.35 acres (listing #30150322) also zoned C 4.

Creative and flexible owners will entertain sale, exchange, or possible joint venture. Make offers.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Taxing Authority: ShelbyCounty
Tax ID/APN: 031-00-060M
Zoning: C - Commercial
Property Located Between: US 60 and Highway 55
Property Visibility: Fair
Largest Nearby Street: Highway 55
Feet of Frontage: 551
Highway Access: I-64
Airports: SDF
Area Description: Shelbyville is a very active growing bedroom community of Louisville KY just off of Interstate 64 linking Louisville to Lexington and Frankfort.
Lot Frontage: 551
Zoning Description: C 4 allows most commercial development. Note allows to down zone to R 4 multifamily for up to 20 units per acre.
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: 812 12,340 25,873
Median Age: 40.74 33.62 35.59
Households: 322 4,558 9,516


Photograph of Listing Agent

Daniel R Kessler

Photograph of Listing Agent

Bruce A Meyer

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