Retail Lot- Preston Hwy & I-265 Area

Vacant Land for Sale
Catylist Listing ID: 30091064
Property Subtypes: Hospitality, Retail, Retail-Pad
Gross Land Area: 2.92 Acres
Sale Price: $430,000 Per Acre
Total Price: $1,255,600
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2018

Overview / Comments

The site contains 2.92 acres and it is zoned C-2 Commercial. Situated at the main entrance to Commerce Crossing Business Park adjacent to Apex Apartments &, across from Culvers. The population within 3 miles is 55,000+ and within 5 miles is 100,000+ with a Median Household Income of $56,000, and the area is growing. More than 560 apartments have been built in the last three years and 140 additional apartment units are planned. Menards is expanding to Louisville and their first store located a quarter mile just North. The trade area is strong and growing with more than 5,500 employee located in the adjacent business park. A new 160 unit apartments leasing complex is under development within 1/2 mile.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 351400040000
Zoning: C-1 - Commercial District
Property Visibility: Excellent
Largest Nearby Street: Preston Highway
Area Description: This C-2 tract is located adjacent to Apex Apartments and newly remodeled Kroger and is frontage entrance to Commerce Crossing Business Park. It is across the street from Wal-Mart and Kohl's. Menards is expanding in Louisville nearby. Large Retailers in trade area also includes Lowe's and Rave Cinemas. Many other retailers, restaurants and banks as well.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,315 62,398 135,568
Median Age: 34.29 37.04 37.48
Households: 4,515 23,925 52,871
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