US 60 Development Land

Vacant Land for Sale
Catylist Listing ID: 30279824
Gross Land Area: 2.60 Acres
Sale Price: $995,000
Unit Price: $382,692 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2018

Overview / Comments

PRIME LOCATION! +/- 2.6 AC of development land located on US 60 just off I-64 at Exit 58. Adjacent to Parkside Shopping Center with excellent visibility from Highway 60. Parkside is a 51 AC mixed-use development combining retailers with fast/casual dining options supported by an adjoining upscale multi-family residential development. Anchor tenants include Dick’s Sporting Goods, TJ Maxx, Michaels, Pier 1, Starbucks and Kohl’s. New Planet Fitness under construction. +/-24,000 average daily traffic count near the site. Highway pole signage opportunity.

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Additional Details

Nearest MSA: Frankfort
County: Franklin
Tax ID/APN: 086-40-02-010.00
Zoning: CG, GENERAL COMMERCIAL DISTRICT
Area Description: The property is prominently located at the intersection of I-64 and US Highway 60 right in the heart of the action. Adjacent Parkside Shopping Center is established with a quality tenant mix. New Planet Fitness and Home2 Suites under construction behind the site. Frankfort is Kentucky’s capital city and is the only retail hub along the I-64 corridor for 85 miles from Louisville to Lexington. Parkside Center is located in Frankfort, KY, which is the only retail hub along the Interstate-64 corridor between Lexington and Louisville. The property of 181,620 sf is a new retail development consisting of available retail space and outlot parcels. Frankfort is the capitol of Kentucky with a diverse and thriving economy driven by state government offices, education, manufacturing, distilling and tourism. The state capitol employs 20,000 people and the nearby Kentucky State University has approximately 3,000 students. Additionally, Frankfort is located in “horse country” where the equine industry provides a $3 billion impact to the states economy.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,548 19,861 33,863
Median Age: 40.95 38.05 39.47
Households: 1,068 8,065 14,400

Contact

Photograph of Listing Agent

Jamie Adams

NAI Isaac KCREA Member
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