Hurstbourne Parkway Apartment Land for Sale Ridge Creek

Vacant Land for Sale
Catylist Listing ID: 30384939
Property Subtypes: Multi-Family
Gross Land Area: 14.50 Acres
Sale Price: $150,000 Per Acre
Total Price: $2,175,000
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 9/7/2023

Overview / Comments

Opportunity to purchase Hurstbourne Parkway frontage in the booming Fern Creek trade area. The property is midway between I-64 and I-65 with frontage and full direct access to Hurstbourne Parkway. 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. Located directly on Hurstbourne Parkway but with frontage on The Fern Creek with gentle grades that can be developed. Sanitary sewers on site and gravity flow.

The property contains 14.45 acres and has been recently rezoned by seller to R-6 Multi-family with an approved development plan with a density of 192 DU.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 062700770000
Zoning: R-6 - Residential Multi-Family District
Property Located Between: Bardstown Road and Fegenbush Lane
Property Visibility: Excellent
Largest Nearby Street: Fegenbush Lane
Traffic/Vehicle Count: 22,000
Highway Access: Full access to Hursbourne Parkway.
Site Description: Beautiful site with frontage on Fern Creek, gentle slopes.
Area Description: Located on Hurstbourne Parkway in beautiful Fern Creek, this wooded site has direct access to Hurstbourne and it is close to dense residential, daytime employment and retail.
Zoning Description: R-4
Development Name: Ridge Creek
In Flood Plain?: Yes
Topography: Gently Sloping

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,674 111,977 246,959
Median Age: 34.89 37.78 38.38
Households: 4,235 45,704 102,475


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