C4 Highway Commercial Site Shadow Anchored by Walmart and Lowes

Vacant Land for Sale
Catylist Listing ID: 29598121
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 1.54 - 13.02 Acres
Sale Price: $408,000 - 1,667,000
Land Splits Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 2/1/2019

Overview / Comments

Three lots zoned Highway Commercial C4 totally 13.02 acres located adjacent to Walmart and Lowes in Shelbyville KY one exit down from new Bluegrass Outlet Mall. Excellent retail or office location on busy Taylorsville Road (Highway 55).

Priced right at only $128,033 per acre. Part of site may be down zoned to R4 multifamily for up to 20 units per acre subject to site plan approval from the city. Access from Dale Road in place. Excellent apartment location.

Very flexible site in fast growing Shelby County.

The owners are sophisticated investors and will consider sales, joint ventures or exchanges,up or down in value. Bring ideas including out of state opportunities.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Taxing Authority: Shelby County
Tax ID/APN: 031-00-060D, 031-00-060M, 031-00-060L
Zoning: C - Commercial
Market Type: Medium
Property Located Between: Taylorsville Road (Highway 55) and Shelbyville Road (US 60)
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Taylorsville Road
Feet of Frontage: 1,286
Transportation: Highway
Highway Access: Just off of I-64 at exit 32
Airports: Louisville International Airport
Area Description: Rapidly growing corridor along I-64 between Louisville and Lexington. Excellent location for apartments due to proximity to retail and and highway. Just off of Interstate 64
Zoning Description: C-4 High intensity commercial zoning but could also be used for R4 multifamily at 20 units per acre.
Development Name: Shelbyville Mixed Use
Topography: Gently Sloping
Easements: Utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband
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

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