Prospect Development Ground

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 29968621
Property Subtypes: Office, Retail
Status: Pending/Contingent
Gross Land Area: 2.13 Acres
Sale Price: $1,400,000
Unit Price: $657,277 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/4/2021

Overview / Comments

Development site located in the heart of Prospect. Ideally suited for retail, medical or professional office. This presents a unique opportunity to purchase land with frontage on US 42 in the Prospect area.

The property is currently zoned R-4 and the owner would sell contingent upon the buyer obtaining rezoning.

This property is located between the Prospect Latin School and the First Baptist Church of Prospect.

This listing includes 8909 US Highway 42, Tract 1 (1.085 acres) and 6603 Del Haven Ave, Tract 2 (1.0467 acres).

The adjacent .65 acre parcel located, at 8907 US Highway 42, in front of the Prospect Latin School is also available for sale. By combining the properties a buyer could purchase 2.78 acres.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 0206-0026-0000 & 0206-0043-0000
Zoning: R-4 - Residential Single Family District
Property Visibility: Excellent
Legal Description: Deed book: 9346 Page: 0561
Largest Nearby Street: US 42
Highway Access: Easy Access to I-265. The new east end bridge will open in late 2016 allowing access to southern Indiana.
Site Description: Level site with a small home on the front lot. The subject property could be combined with the adjacent .648 lot for a total of 3.07 acres on US 42.
Area Description: The Prospect area is a affluent community. Other retailers in the area include McDonald's, Kroger, Walgreen's, Republic Bank, and Dairy Queen.
Zoning Description: R-4 residential The owner is selling the site contingent upon the buyer obtaining rezoning for its intended use. Village Form District
Topography: Level
Easements: Utilities
Available Utilities: Electric, Water, Gas
Water Service: Municipal
Sewer Type: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,173 23,929 111,757
Median Age: 50.54 45.74 41.01
Households: 954 9,175 45,219
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