Great Area for Jeffersonville Expansion!
Vacant Land
for Sale
| Catylist Listing ID: |
30874035 |
| Property Subtypes: |
Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage
|
| Gross Land Area: |
0.80 Acres
|
| Sale Price: |
$17,000,000 |
| Unit Price: |
$21,250,000 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/18/2024 |
Overview / Comments
|
Public Remarks: Prime location!!! These properties are situated along Spring Street in Jeffersonville and are located at the end of Eastern Blvd in Clarksville, Clark County, Indiana. More than 2 acres, comprising eight separate parcels, are currently on offer within a designated redevelopment zone. According to the Spring Street master plan, "Spring Street serves as a significant gateway to this area of substantial investment and revitalization, directly connecting to the northern regions of Jeffersonville, Clarksville, and beyond. Numerous grants are accessible for the redevelopment of this area; for more information on these opportunities, please reach out. The area is on the cusp of substantial growth, as the City of Jeffersonville, in collaboration with the Redevelopment Commission, is set to execute a Redevelopment Agreement which aims to partner with American Commercial Barge Line to develop 80 acres along the Ohio River, a mere 2.3 miles away from this exceptional investment opportunity. You can find more details in the plan here: Spring Street Master Plan http://cityofjeff.net/wp-content/uploads/2020/10/Spring-Street-Master-Plan-2017-Final-sm.pdf. Additionally, the Claysburg Plantation Plan outlines plans for streetscape enhancements, including street and sidewalk repairs, as well as economic development support through grants and funding programs for businesses, and pursuit of federal funding for housing initiatives. Commercial Potential subject to zoning approval.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Clark |
| Tax ID/APN: |
102000800140000010 |
| Zoning: |
RESIDENTIAL-COMMERCIAL POTENTIAL SUBJECT TO ZONING APPROVAL. |
| Legal Description: |
WEST CLAYSBURG LOTS 20 THRU 24 |
| Largest Nearby Street: |
Eastern Blvd and Spring Street |
| Airports: |
SDF |
| Site Description: |
There are 8 parcels, most have houses on property and will need to be removed by Buyer. |
| Area Description: |
Mixture of residential and commercial. Future development is leaning towards commercial. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,257 |
96,593 |
257,755 |
| Median Age: |
35.82 |
36.62 |
37.16 |
| Households: |
3,878 |
42,031 |
111,475 |
|
© Copyright 2024 Moody's. All Rights Reserved.
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.
|
