Development Land in a QCT and OZ

Vacant Land for Sale
Catylist Listing ID: 30822790
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail
Gross Land Area: 1.80 Acres
Sale Price: $580,000
Unit Price: $322,222 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/12/2023

Overview / Comments

This 1.8 acre parcel is located in both a Qualified Census Tract and an Opportunity Zone, which allows a developer greater potential for subsidies and tax advantages to enhance the value of their project. It is located minutes from significant Louisville destinations, including Downtown, U of L, I-65, and more.

Water and sewer service is available to this level site, which is surrounded by streets or alleys for easy access. The seller has plans for a much-needed middle-housing community development, which he would potentially partner with a buyer on. This would also be ideal for a multifamily housing or a short term rental development.

Highlights include:

> Located in a QCT and OZ
> Level land, with water and sewer access
> Entire parcel surrounded by streets or alleys
> Central location minutes from major Louisville landmarks
> Ideal for middle housing, multifamily or short term rental development

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 029F00450000
Zoning: PDD - Planned Development District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,301 140,287 306,010
Median Age: 35.86 35.62 36.76
Households: 10,856 60,963 131,782
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