Commerce Parkway, Overpass Land

Vacant Land for Sale
Catylist Listing ID: 29921538
Property Subtypes: Industrial, Office, Retail, Retail-Pad
Gross Land Area: 1.79 Acres
Sale Price: $110,000 Per Acre
Total Price: $196,900
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2017

Overview / Comments

Prime property on Commerce Parkway, next to the new Louie Dampier Overpass (which overpass connects Commerce Parkway to New Moody Lane, over I-71)

Corner lot with possibilities for either retail, or industrial.

Kroger coming soon to Commerce Parkway!
From the Courier Journal:
"Kroger plans to build a new 125,000-square-foot Marketplace store in Buckner in Oldham County, but construction is on hold until road improvements are completed in the area near Interstate 71 – expected in about June of 2017".
ROAD IMPROVEMENTS ARE NOW COMPLETE.

Overpass is located at the corner of Commerce Parkway and Allen Lane, then connects New Moody Lane, on the opposite side of I-71, with access to Oldham Reserve.

Can be sold subject to re-zoning.

Perfect for convenience store, gas station, strip center, (with re-zoning)
Also may be used as light industrial (with re-zoning)

Visibility is excellent
Access is excellent
(Current ditch/draw running through the property can be re-routed to the edge for maximum land use.)
Traffic generated from the new overpass will increase the possibilities for this site.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Oldham
Zoning: R-4 - Residential District
Property Visibility: Excellent
Largest Nearby Street: Allen Lane
Highway Access: I-71 accessible in either direction on Commerce Parkway (Exits 18 and 22 are equidistant).
Site Description: gently sloping
Lot Frontage: 308 feet of frontage
Lot Depth: 445'
Zoning Description: Currently zoned residential, but in an area which should allow commercial or industrial
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,484 20,464 33,410
Median Age: 35.07 37.95 38.88
Households: 1,223 5,928 10,317
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