6700 and 6600 Hurstbourne Parkway Land

Vacant Land for Sale
Catylist Listing ID: 30384829
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 7.80 Acres
Sale Price: $275,000 - 475,000 Per Acre
Total Price: $2,145,000 - 3,705,000
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/9/2020

Overview / Comments

Opportunity to purchase Hurstbourne Parkway frontage in the booming Fern Creek trade area. Star Hill North is 18.25 acres located at the NW quadrant of S. Hurstbourne Parkway and S. Watterson Trail The property is midway between I-64 and I-65 with frontage and full access to Hurstbourne. Close to Mercy Academy, GE/Haier Appliance Park, UPS, Willow Green apartments and surrounded by dense and affluent residential. The site has exposure to high traffic with an ADT over 22,000 cars per day. The site has more than 1,400 feet of frontage on Hurstbourne Parkway with multiple curb and median cuts to provide excellent access.

The property is currently zoned R5A and PD and the seller is rezoning the property to R-6 and C-1. The property is comprised of Lot 4 containing 9.59 acres being rezoned to R6 with a projected density of 176 DU offered for $275,000 per acre. The commercial frontage comprised of lots 1, 2 and 3 priced from $375,000 to $475,000 per acre. See the attached development plan.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville
Tax ID/APN: 062801540000, 062801560000, 062800810000, 062800070000
Zoning: PDD - Planned Development District
Property Located Between: Bardstown Road and Fegenbush Lane
Property Visibility: Excellent
Largest Nearby Street: S. Watterson Trail
Traffic/Vehicle Count: 22,000
Area Description: Dense infill site with frontage on Hurstbourne Parkway.
Lot Frontage: 1,440,
Zoning Description: Property being rezoned from PD and R5A to C1 and R6.
Development Name: Star Hill North
Topography: Gently Sloping
Easements: Pipelines, Electric Lines

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,744 106,770 242,258
Median Age: 35.83 38.34 38.46
Households: 5,142 43,573 100,312
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