Hurstbourne Parkway Infill Apartment Site Ridge Creek South
Vacant Land
for Sale
| Catylist Listing ID: |
30578176 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
1.50 Acres
|
| Sale Price: |
$300,000 Per Acre |
| Total Price: |
$450,000 |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/3/2024 |
Overview / Comments
New to the market, small apartment infill site on Hurstbourne Parkway.
Opportunity to purchase Hurstbourne Parkway frontage in the booming Fern Creek trade area. The property is situated 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 is Tract 2 on the attached DDDP and contains 1.5 acres with 16 DU proposed. The property is being rezoned as part of case 19ZONE1029. Tract 2 shall be developed separately from the proposed larger apartment development across the street.
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Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Taxing Authority: |
Louisville Jefferson County |
| Tax ID/APN: |
063601530000 |
| Zoning: |
R-6 - Residential Multi-Family District |
| Property Located Between: |
On Hurstbourne Parkway between Fegenbush and Bardstown Road. |
| Property Visibility: |
Excellent |
| Traffic/Vehicle Count: |
22,000 |
| Site Description: |
Tract 2 on the attached development plan, approved for 16 units. |
| Zoning Description: |
R-6 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,755 |
108,683 |
246,857 |
| Median Age: |
36.02 |
37.78 |
38.47 |
| Households: |
4,319 |
44,292 |
102,431 |
|
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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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