1.09 AC in the Opportunity Zone | Near UofL

Vacant Land for Sale
Also listed as Industrial, Retail-Commercial
Catylist Listing ID: 30706107
Property Subtypes: Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Building Status: Proposed
Gross Land Area: 1.09 Acres
Sale Price: $350,000
Unit Price: $321,100 Per Acre
In Opportunity Zone? Yes
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Sale Terms: Cash to Seller, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 2/23/2021

Overview / Comments

+ Located within the Opportunity Zone, providing significant tax advantages for qualified parties
+ 1 mile from the University of Louisville
+ Opportunity for build-to-suit lease for qualified tenants
+ This project will compliment the other recently proposed developments in the immediate vicinity, which include: Vintage South Development’s 32-acre mixed use development, consisting of nearly 1 million square feet of office, retail, apartments and hotel space and Louisville Metro’s/Re:Land Group’s $111 million redevelopment of the 17 acre Rhodia site in West Louisville
+ EZ-1 zoning classification, allowing multiple uses with maximum density
+ Potential uses include: residential, storage/warehouse, restaurant, retail, office and medical
+ 1.5 miles from the Central Business District, 2 miles from Brown-Forman and Churchill Downs
+ 18,700 average daily traffic count
+ Flat site with multiple points of ingress and egress
+ Nearby walk to Central Park
+ 5.5 miles from Louisville Muhammad Ali International Airport

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville
Tax ID/APN: 034A00030000; 034A00350000
Zoning: EZ-1 - Enterprise Zone District
Property Located Between: S 7th St and S 9th St
Property Visibility: Good
Largest Nearby Street: W Hill St and S 7th St
Feet of Frontage: 225
Traffic/Vehicle Count: 18,700
Airports: Louisville International Airport (SDF)
Lot Frontage: 225'
Lot Depth: 220'
Zoning Description: EZ-1
Topography: Level
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,912 153,735 302,680
Median Age: 33.54 35.38 36.81
Households: 9,558 65,284 129,875

Contact

Photograph of Listing Agent

Austin C Gutgsell

Pluris Realty KCREA Member
Photograph of Listing Agent

J. Colin Underhill

Pluris Realty KCREA Member
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