Preston Highway at Interchange Signalized Hard Corner

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30532519
Property Subtypes: Retail, Retail-Pad
Status: Pending/Contingent
Gross Land Area: 2.61 Acres
Sale Price: $750,000 Per Acre
Total Price: $1,957,500
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2021

Overview / Comments

First time to the market, Preston Highway frontage with access to the signalized hard corner on Preston Highway at Interchange Drive. Great access and street level visibility. This trade area is booming with new apartments, Menards now open and booming single-family subdivision growth just east. The two tracts are the only opportunity to have direct access to the Preston Highway corridor with traffic counts of 34,000+.

Located just south of Menards with direct access/easement to Interchange Drive and Commerce Crossings Business Park with more than 5,500 employees.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: 008503970000 and 008503110000
Zoning: R-4 - Residential Single Family District
Property Located Between: Interchange and Cooper Chapel
Property Visibility: Excellent
Largest Nearby Street: Preston Highway
Feet of Frontage: 670
Traffic/Vehicle Count: 34,000
Site Description: Rare Preston Highway frontage, new to market land located at Preston Highway at Interchange Drive traffic light.
Area Description: This is the booming Hillview trade area with a new Menards now open. Close to Walmart, Kohl's, Lowe's, Cinemark Theater, Kroger and Commerce Crossings Business Park.
Zoning Description: Currently zoned R-4.
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,960 64,575 145,023
Median Age: 34.1 37.26 36.89
Households: 3,672 24,843 56,728

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