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: |
3/20/2023 |
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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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