Retail Land -Lighted Hard Corner for Sale near River Ridge

Vacant Land for Sale
Catylist Listing ID: 29979147
Property Subtypes: Hospitality, Retail
Gross Land Area: 2.80 Acres
Sale Price: $3,900,000
Unit Price: $1,392,857 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/14/2017

Overview / Comments

This subject 2.8+-Acre Parcel is the first lighted intersection north of Interstate 265 towards the River Ridge Commerce Center, a 6,000 acre industrial complex located in Jeffersonville, IN. The River Ridge Commerce Center is less than 10% developed and already boasts seasonally adjusted employment of over 11,000 people, all of which need the necessary services and amenities available to them within close proximity. This retail project looks to fulfill that need for amenities and services for the working and residential population within and around the River Ridge Commerce Center. This project consists of three tracts of land totaling just over 2.8 Acres. Currently is being used as a showroom for RV/Camper Sales. Rapid growth and the expansion of 10th Street in Jeffersonville keeps pushing rooftops and retail further and further out towards River Ridge Commerce Center.

Highlights of the development:

-Car counts north of 38,000APD
-River Ridge Within 1/4mile
-Class A Retail Site
-High Producing Circle K on opposite Corner.
-East End Bridge to be Completed by 2016.

Located in Jeffersonville, IN (Louisville, KY MSA) on E. Highway 62 within the River Commerce Center directly in front of the NuYale Plant facility, this retail project has unparalleled ease of ingress, egress and visibility. Traffic counts on Highway 62 are over 38,000 vehicles per day with that number set to grow higher with every new announcement of businesses entering the River Ridge Commerce Center. The River Ridge Commerce Center is located in Southern Indiana with easy access to I-265, I-65, I-64 and I-75, as well as, the new East-End Bridge set to open in October 2016.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-42-03-600-100.000-039
Zoning: C-2
Property Located Between: Utica Sellersburg Road and Jeffersonville Fire Station
Property Visibility: Excellent
Largest Nearby Street: Highway 62
Traffic/Vehicle Count: 38,000
Topography: Level

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,924 28,450 97,815
Median Age: 36.22 36.77 39.93
Households: 1,784 11,532 39,688

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